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Frequently Asked Questions

Q--What is a formal business appraisal?

GABB.org
A--Every year, billions of dollars worth of decisions are made on the "values" of businesses or business interests as determined by the owners, buyers, financial intermediaries, regulatory agencies such as the IRS, and the courts.

Q--When is a formal business appraisal needed?

GABB.org
A--Typically, a formal business appraisal is needed when there is a statutory requirement for a "qualified" appraisal by an independent third party, as in the case of an IRS action for estate and gift tax purposes. Qualified typically means the appraiser has met specific educational and Professional accreditation requirements as established by one or more of the above Professional associations.

Q - What is an Appraisal?

Frequently asked questions about appraisals, appraisers, and...
A - An real estate appraisal is an objective opinion of the value of a particular parcel of real estate given by a professional appraiser. But the process is much more detailed and involved than that one sentence definition. The appraiser must thoroughly inspect and gather information about the subject property and the surrounding area. The appraiser will consider all the relevant factors about the property and the neighborhood, both negative and positive.

Q Do you have a formal process that all projects go through?

Web Design, Web Site Design - FAQ - Reid Technologies Inc.
Yes we do. It is a combination of other successful development life cycle management systems. The steps in the process include: [1. Discovery 2. Definition 3. Development 4. Demonstration 5. Delivery].

Q - If I get my own Appraisal can I use it for a loan?

Frequently asked questions about appraisals, appraisers, and...
A - That depends on the lender's policies. Most lenders will want to first make sure that the appraiser you use is on their "approved list", and if not will either not allow you to use the appraisal, or ask your appraiser to provide them with the documents they require to be approved. Most lenders require the appraisal not be over so many months old.

Q: What is a Pre-appraisal meeting ?

DOC's 5-Level Performance Management Appraisal System
Although not mandatory, employees may request a meeting prior to the formal appraisal meeting with the rating official. During this meeting the employee may: (1) present an assessment of his or her accomplishments during the appraisal period; (2) cover aspects of his or her work of which the rating official may not be aware; and (3) identify what he or she would like to include in the next cycle's performance plan.

back to top Q. How can I get you to list my business on your directory?

Costa Rica tourism and travel bureau, frequently asked quest...
If you would like to be considered for evaluation, call us at Tel/Fax: (506)236-6105 or fax us your brochure or information packet.

What is the difference between 'business of the authority' and a formal meeting?

Frequently Asked Questions
See Condition of Payment of Daily Fees section in the Part-time Offices Determination. Provided 'business of the authority' has been defined by the chairperson, for payment purposes there is no difference between business of the authority and a formal meeting, provided that the business/meeting is of at least 3 hours duration on any one day. If business of the authority and a formal meeting fall on a single day, only one per diem fee is payable.

Do you have a less formal look?

Frequently Asked Questions
In addition to our "Black Tie Look" - tuxedos, we have our "Gangster Look" - black shirt & black pants with red ties/suspenders; or a "Very Casual Look" which features our polo shirts with black pants.

What are formal bids?

City of Trenton - Frequently Asked Questions
When requests are received from the various City divisions, and the estimated cost of the products(s) or service(s) requested is $29,000.00 or more, the City is required by New Jersey Local Public Contract law to seek a formal bid by advertising the bid in a local newspaper. The formal bid process is much more detailed than quotations, requiring a number of forms, which need to be completed and submitted with your bid.

What is a formal proceeding?

Public Administrator
A formal probate proceeding is the method commonly known for administration of estates. It is used by the Public Administrator for estates with a date-of-death value exceeding $100,000.

Q: Why would I do business with you?

Web Design, Web Site Design - FAQ - Reid Technologies Inc.
We add a much-needed dimension to web development that most development shops will overlook and that is effective marketing centric copy. We have a vested interest as a marketing company in the ROI that is generated for you from your web site. Other development companies are happy to just get your money for development and will not make an effort to engineer the copy on your web page so that it will generate high conversion rates.

What is the use of formal specification and formal methods?

Larch Frequently Asked Questions
There are endless debates about the use of formal specification and formal methods. For recent discussions see [Saiedian-etal96]. The following discussion may help you enter the debate in a reasonable fashion. First, be sure you know what formal methods are, and what they are good for [Liskov-Guttag86] [Wing90]. Roughly speaking, formal methods encompass formalized software design processes, formal specifications, formal derivation of implementations, and formal verification.
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