A "Gap Analysis" Is Another Term for A

question 3

Multiple Choice

A "gap analysis" is another term for a:

• A) Summative evaluation
• B) Provocative intervention
• C) Needs assessment
• D) Formative assessment

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Definitions:

Opening Retained Earnings

The balance of retained earnings at the beginning of the accounting period.

Comparative Financial Statements

Financial statements that present financial information for multiple periods side-by-side, allowing for analysis and comparison across different time frames.

Double-Declining-Balance

A method of accelerated depreciation that doubles the rate at which an asset’s book value depreciates, allowing for a larger expense deduction in the early years of the asset’s life.

Straight-Line Depreciation

A method of allocating an asset's cost evenly over its useful life.