According to the Uniform Guidelines,any Instrument or Procedure Used in the Selection

question 5

Multiple Choice

According to the Uniform Guidelines,any instrument or procedure used in the selection decision is considered a(n) ________.

• A) disparate tool
• B) appraisal
• C) necessity
• D) test

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Definitions:

Net Income

The amount of profit remaining after all expenses, including taxes and interest, have been deducted from total revenues.

Valuation Allowance

An accounting technique used to offset or reduce the carrying value of certain tax assets if it's more likely than not that they will not be realized.

Unrealized Gain

The increase in value of an asset or investment that has not been sold or exchanged, thus not yet generating cash.

Trading Investments

Assets that a company primarily buys and sells to generate profit from short-term fluctuations in price.