Testing Assumptions Refers To

question 21

Multiple Choice

Testing assumptions refers to:

• A)Meeting with the other party to validate the accuracy of information that you found in their public documents.
• B)Meeting with a knowledgeable third party to validate the accuracy of information that you found in in the other party's public documents.
• C)Meeting with your stakeholders to validate the accuracy of information that you found in the other party's public documents.
• D)Meeting with the other party to validate the estimates and hunches you made during your analysis of the party.

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Definitions:

Significant Figures

The digits in a number that are meaningful in terms of accuracy or precision, often used in scientific measurements.

Percent

A unit of measure used to express a ratio as a fraction of 100.

Real Estate Salesperson

A licensed individual who is authorized to conduct real estate transactions on behalf of sellers or buyers.

Dollar Volume

The total value of a particular financial transaction or set of transactions measured in dollars.