Definition of Assessment

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TeachMeFinance.com - explain Assessment



Assessment

The term 'Assessment ' as it applies to the area of agriculture can be defined as ' Generally an automatic or mandatory deduction from a producerís marketing receipts used to fund activities that promote or otherwise support a particular farm product. Under certain agricultural marketing orders or commodity promotion programs, assessments may be applied against receipts to help pay for generic advertising or research. The term check-off is often used interchangeably with assessment. Federal deficit reduction marketing assessments have also been connected to certain commodity price support programs (dairy, peanuts, sugar, tobacco, and soybeans) to help reduce the federal budget deficit, which arguably is higher because of the programs'.

The term 'Assessment ' as it applies to the area of Medicare in the United States can be defined as ' The gathering of information to rate or evaluate your health and needs, such as in a nursing home'.


Previous 5 Terms:
As-received condition or as-received basis (coal)
ASSE
Assembly
Assembly identifier
Assembly type
Next 5 Terms:
Assessment work
Assets
Assigned Claim
Assignment
Assimilative capacity




About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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