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Why two exams? Why isn’t the proctored exam sufficient by itself?

April 26, 2017exam exams isn’t proctored sufficient

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Why two exams? Why isn’t the proctored exam sufficient by itself?

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The proctored exam tests what the candidate knows about all the various aspects of valuation theory. This is often referred to as “book knowledge.” What is missing from that concept is determining that the candidate can apply that knowledge to a live situation. It takes both the knowledge and the application of that knowledge in the field of business valuations to be proficient.