NACVA CVA Exam Practice Questions (P. 2)

Which one of the following is NOT always clearly defined? Therefore, if the term is used, it should be supplemented by a definition of exactly what it means in the given valuation context.

Unfortunately, the term enterprise value is used, at best, very ambiguously and, at worst, very carelessly. It means different things to different people, each of whom many believe that his or her definition is the right definition. It is generally used to represent some sort of ________of the company and is often used as a synonym for_______.

The primary ownership interest characteristics that need to be addressed in almost every business valuation are the following EXCEPT:

In most business valuations, the opinion of value will be based at least partly on other, similar transactions, such as:

In a marital dissolution the parties may be concerned with the change in value that occurred during the marriage. In estate cases, the trustee, the executer, or personal representative will consider adopting the "alternative valuation date" (i.e. six months after the date of death) to determine which is more advantageous.
These are the examples of: