Discuss Some of the Purposes of Using Tests in Assessment

question 21

Essay

Discuss some of the purposes of using tests in assessment.Provide examples of situations where testing may be used.

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Definitions:

Ventures

Entrepreneurial projects or businesses started by individuals or groups, often involving risk.

Venture Capital

Funding given by investors to small businesses and startups deemed to have significant potential for long-term growth.

Business Plan

A document that outlines a business's goals, strategies, market analysis, financial projections, and operational plans.

Outsource

The practice of hiring third-party firms to handle non-core business operations or services.