What the name Myers-Briggs Type Indicator means
Myers-Briggs refers to Isabel Briggs Myers and her mother, Katharine Cook Briggs. They developed the assessment from Carl Jung's theory of psychological types to make ideas about personality preferences usable in everyday life.
Type refers to a combination of preferences. Indicator means the assessment suggests a preference pattern from your answers; it does not award a grade. There are no correct answers or better personality types.