Which of the Following Statements Is True of Rapid Needs

question 52

Multiple Choice

Which of the following statements is true of rapid needs assessment?

• A) It involves using a large amount of resources, such as money and SMEs.
• B) It ultimately results in the sacrifice of the quality of the process.
• C) Its scope is independent of the size of the potential pressure point.
• D) It opts for methods that provide results in which trainers have the greatest confidence.

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Definitions:

Future Cash Flows

Estimates of the amounts of cash that a company expects to receive or pay out in the future, important for budgeting, forecasting, and valuation.

Interest-Bearing Note

A debt instrument that pays interest to the holder at a fixed or variable interest rate until the principal amount is repaid.

Adjusting Entry

A journal entry made at the end of an accounting period to allocate income and expenditures to the correct period.

Interest Expense

The expense recorded by a business for the funds it has borrowed, categorized as a non-operating expense in the income statement.