Which Is True About Follow-Up Assessments

question 18

Multiple Choice

Which is true about follow-up assessments?

• A)Due to daily variations in performance, they are a poor indication of client progress.
• B)Daily assessments provide a client with constant motivation to improve
• C)Assessments made too frequently to demonstrate progress will discourage clients
• D)Follow-up assessments should occur over the same intervals of time, no matter what factor is being assessed

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Definitions:

Purchase Accounting Method

An accounting method used in mergers and acquisitions to consolidate the financial statements of both companies, where the purchaser's statements incorporate the assets and liabilities of the acquired company at their fair market values.

Goodwill

An intangible asset that arises when a company acquires another company for more than the fair market value of its assets.

Net Working Capital

Net working capital is a measure of a company's short-term financial health, calculated as the difference between its current assets and current liabilities.

Incremental Value

The additional or added value created by undertaking a particular action or project, compared to not proceeding.