Both Summative and Formative Evaluation Can Be Used in Evaluation

question 17

Essay

Both summative and formative evaluation can be used in evaluation research. What does each do? Explain PPBS and program audits. Why are they types of evaluation research?

Grasp the concept of asset availability and distribution to creditors under various bankruptcy scenarios.

Comprehend the responsibilities of and actions taken by a bankruptcy trustee.

Understand and apply the concept of profit margin ratio and its implications in fiscal analysis.

Develop competency in preparing balance sheets from adjusted trial balances.

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Definitions:

Performance Metrics

Quantitative measures used to gauge an organization's performance in various areas.

Balanced Scorecard

A strategic planning and management system used by organizations to communicate what they are trying to accomplish, align the day-to-day work with strategy, and monitor performance against strategic goals.

Balanced Scorecard

A system of strategic planning and management designed to align organizational activities with its vision and strategy, enhance communication both internally and externally, and track the performance of the organization in relation to its strategic objectives.

Eco-Efficiency

An approach that seeks to create more goods and services while using fewer resources and producing less waste and pollution, aligning economic and environmental performance.