Multiple Choice Questions:
1. Which of the following would not be the subject of business valuation?
a. Corporations.
b. Trusts.
c. Plant and equipment.
d. All of the above are the subject of business valuation.

2. Which of the following is not among the desired characteristics of business valuations?
a. Source and use.
b. Consistency.
c. Defensibility.
d. All of these are desired characteristics of business valuations.

3. The uniform standards of professional appraisal practice are promulgated by which organization?
a. American Society of Appraisers.
b. NAVA.
c. Appraisal Foundation.
d. International Valuation Standards Committee.

4. CVA is a designation of which of these?
a. American Society of Appraisers.
b. NAVA.
c. The Appraisal Foundation.
d. International Valuation Standards Committee.

5. How many standards of value are generally recognized?
a. 1.
b. 2.
c. 3.
d. 4.