Which of the Following Is NOT True Regarding Assessment

question 13

Multiple Choice

Which of the following is NOT true regarding assessment?

• A) It is the larger process of looking at multiple measures to draw a conclusion.
• B) Assessment is a subset of testing.
• C) Personality instruments that are objective and/or projective may be used.
• D) An interview, observation, or personal documents may all be part of an assessment.
• E) All of these are not true.

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Definitions:

Accrual Basis

The Accrual Basis of accounting records revenues and expenses when they are earned or incurred, regardless of when cash is exchanged.

Rent Expense

The cost incurred from leasing a space, property, or equipment for business operations or personal use over a specified time period.

Prepaid Rent

A payment made for rent before it is due, recorded as an asset on the balance sheet and expensed over the period of use.

Adjusting Entries

Journal entries made at the end of an accounting period to allocate income and expenses to the period in which they actually occurred.