An Assessment Technique That Focuses on the Development or Improvement

question 77

Multiple Choice

An assessment technique that focuses on the development or improvement of a program is known as:

• A) Objective evaluation
• B) Formative evaluation
• C) Skill transfer
• D) Summative evaluation

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Definitions:

Market Share

The percentage of an industry's sales that is earned by a particular company over a specific time period.

Stakeholders' Welfare

This refers to the interest or well-being of all the parties involved or affected by a company's operations, including employees, customers, investors, and the community.

Profit Minimization

A less common business strategy focused on minimizing profits, often used for tax benefits or non-profit objectives.

Social Responsibility

The ethical framework suggesting that entities, whether individuals or organizations, have an obligation to act for the benefit of society at large.