IQ testing is a method of assessing cognitive abilities, focusing on two main types: fluid intelligence, which involves problem-solving and abstract reasoning, and crystallized intelligence, which reflects accumulated knowledge. While IQ scores can inform educational placement and identify learning disabilities, they have limitations, such as potential cultural bias and an overemphasis on a single score. Alternative assessments, like multiple intelligence evaluations and achievement tests, offer a more comprehensive understanding of an individual's strengths and weaknesses.