What Are the Main Purposes of Summative Assessment

question 13

Multiple Choice

What are the main purposes of summative assessment?

• A) For a summary of children's progress
• B) To share with parents a child's achievements
• C) To inform next steps in a child's progress
• D) To produce a numerical summary for league tables

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Definitions:

Present Value Factors

Numeric factors used in calculating the present value of future cash flows, reflecting the time value of money.

Interest Revenue

Income earned from investments in interest-bearing assets like bonds, loans, and savings accounts.

Bargain Purchase Option

An option in a lease agreement that allows the lessee to purchase the leased asset at the end of the lease term for a price significantly lower than the expected fair market value.

Equipment Leased

Assets acquired for use over a specified period through a rental agreement, where ownership remains with the lessor.