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A portfolio assessment is a two step process. Firstly it involves making a determination as to whether the evidence (or document) is applicable to the standards being assessed against and; secondly; making a judgment about whether the standard has been met by each piece of evidence contained within the portfolio. By its very nature, each peice of evidence must be valid, current, sufficient and authentic. A key principal of assessment is suffiency, which means, there is cumulative occurances of evidence that demonstrate the standard has been met. Therefore the answer is cumulative.

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What is the example of declining demand?

An example of declining demand would be a decrease in sales of a specific product over time, leading to excess inventory or the need for price markdowns to stimulate sales. This could be due to changes in consumer preferences, competition from alternative products, or a decrease in overall market demand.


What is the difference between elastic demand and inelastic demand?

Elastic demand is essentially when something it a luxury, hence it can become less when price increases eg. that last piece of choc cake that you would normally buy, you decide not to, whereas the inelastic demand generally refers to a product/service that is essential or a necessity so as the price increases the consumption should remain the same regardless of price increase. for instance you need a loaf of bread, your going to buy it regardless of increase. there is the process of substitution, by which the inelastic demand could be switched to a cheaper brand, so say you want beans for your bread, you opt for the half price 10p special rather than your usual choice of heinz's best recipe. Hope this helps!


Is demand of education elastic or inelastic?

The supply of labor can be elastic if the labor requires very little expertise or training. Meaning picking up a day laborer to do the job doesn't require any time wasted or money wasted. If the laborer requires training or education then the labor could be inelastic meaning time and money will be lost waiting for the new laborer to become trained.


Does a monopoly produce at the inelastic or elastic part of the demand curve?

A monopoly produces at the elastic portion of the demand curve. If producing at the inelastic portion of the deman curve, the monopoly could lower the quantity produced and raise the price to achieve more total revenue.


What would happen if all of the world turned their kettles on at the same time?

If everyone in the world turned their kettles on at the same time, there would likely be a massive spike in electricity demand that could overload power grids in many regions. This could lead to widespread power outages, especially in areas with already strained infrastructure. Additionally, the sudden demand on water resources could strain local water supplies.

Related Questions

Major parts of a feasibility study?

There are five major parts of a feasibility study. They are Stakeholder In-Depth Interviews, Demographic Assessment and Trend Analysis, Quantitative Survey, Competitive Assessment, and Demand Model or Estimates with Recommendations.


What has the author Jamil Tahir written?

Jamil Tahir has written: 'Recent developments in demand for money issues' 'An assessment of free economic zones (FEZs) in Arab countries'


How does economics make such comprehensive assessment at the micro level?

because it has a big deal to the demand of particular sociaty that makes thew people satisfied thier needs and wants.


How long does it Take for Engineers Australia Assessment Fast Track?

Engineers Australia Fast Track skills assessment takes 20 working days. It is advantageous in a situation where the occupation of the applicant is in high demand in the job market in Australia. Hence, if the employer is interested in recruiting the applicant, they can use this fast-track service. However, If does not confirm that the applicant will receive the outcome of the migration skills assessment quickly. It totally depends on the quality of the application that is lodged by the applicant. Consult top experts at CDRAustralia.Org to get CDR Fast Track Services for Engineers Australia at a 100% success rate.


How much is 1868 silber groschen worth?

The value of a 1868 silber groschen would depend on its condition, rarity, and collector demand. It's best to consult a numismatic expert or coin dealer to get an accurate assessment of its worth.


What is the value of a 1922 symwad mokana medal?

The value of a 1922 symwad mokana medal can vary depending on its condition, rarity, and demand among collectors. It is recommended to consult with a numismatic expert or appraiser to get an accurate assessment of its value.


How much is a kamehameha silver coin worth?

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Are old PreLude binoculars worth anything?

The value of old PreLude binoculars can vary depending on their condition, rarity, and demand among collectors. You may want to research similar listings online or consult with a professional appraiser to get an accurate assessment of their value.


What is the value of Quatro De Peso 1823 Coin?

The value of a Quatro De Peso 1823 coin can vary based on its condition, rarity, and demand from collectors. It is recommended to consult with a numismatic expert or appraiser to get an accurate assessment of its value.


What is the value of mauser 1914 ser no 216983?

Could be anywhere from $75 for a poorly preserved specimen to several hundred dollars for an original in very good condition. Value is driven by condition, originality, and collector demand. An accurate assessment would require a hands-on viewing.


What is a 2.5d gold liberty coin worth?

The value of a 2.5D gold Liberty coin can vary depending on factors such as its condition, year of minting, and current market demand. It is recommended to consult a reputable coin dealer or a numismatic expert for an accurate assessment of its value.


What is a metal Mexican 1910 un peso worth?

A Mexican 1910 1 peso coin made of silver typically ranges in value from $10 to $30, depending on its condition, rarity, and collector demand. It would be best to have it appraised by a coin dealer or collector to get an accurate assessment of its worth.