assessment

assessment

[uh-ses-muhnt]

Process of setting a value on real or personal property, usually for the purpose of taxation. It is carried out either by central government agencies or by local officials. Property may be assessed on the basis of its annual rental value, as in Britain, or its capital value, as in the U.S. Various methods are used to determine capital value, including analysis of market data to estimate the property's current market price, estimation of the cost of reproducing the property minus accrued depreciation, and capitalization of the property's earnings.

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Self-assessment in an organizational setting, according to the EFQM definition, refers to a comprehensive, systematic and regular review of an organization's activities and results referenced against the EFQM Excellence Model. The Self-Assessment process allows the organization to discern clearly its strengths and areas in which improvements can be made and culminates in planned improvement actions which are then monitored for progress.

Self-assessment in an educational setting involves students making judgments about their own work. Assessment decisions can be made by students on their own essays, reports, projects, presentations, performances, dissertations, and even exam scripts. Self-assessment can be extremely valuable in helping students to critique their own work, and form judgements about its strengths and weaknesses. For obvious reasons, self-assessment is more usually used as part of a formative assessment process, rather than a summative one, where it requires certification by others.

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