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NACVA AVA Exam Sample Questions

Question: 5

Valuation of ___________must be specified. For example, the assignment might include language such as” …engaged to estimate the fair market value of the fixed assets, inventory, and goodwill, on a going-concern basis of…”

  1. Assets
  2. Securities
  3. Cooperatives
  4. Partnerships


Answer: A

Question: 2

When specifying, who is to provide the valuation services, the important distinction is whether the client is retaining the appraisal firm itself or the individual appraiser employed by the firm. The common practice is:

  1. To retain the individual appraiser rather than the firm
  2. To retain the firm rather than individual appraiser, even though the expert witnesses testify based upon their individual expertise and opinions
  3. To retain the individual since the firm is responsible for completing the assignment regardless of impairment the individual’s capability to perform the work
  4. To retain firm as such practice also tends to provide discontinuity in retention of working papers and related records, marking them accessible if they are needed months or even yearslater as they frequently are


Answer: B

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Question: 5

Valuation of ___________must be specified. For example, the assignment might include language such as” …engaged to estimate the fair market value of the fixed assets, inventory, and goodwill, on a going-concern basis of…”

  1. Assets
  2. Securities
  3. Cooperatives
  4. Partnerships


Answer: A

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Question: 5

Valuation of ___________must be specified. For example, the assignment might include language such as” …engaged to estimate the fair market value of the fixed assets, inventory, and goodwill, on a going-concern basis of…”

  1. Assets
  2. Securities
  3. Cooperatives
  4. Partnerships


Answer: A

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Acknowledge:

Question: 5

Valuation of ___________must be specified. For example, the assignment might include language such as” …engaged to estimate the fair market value of the fixed assets, inventory, and goodwill, on a going-concern basis of…”

  1. Assets
  2. Securities
  3. Cooperatives
  4. Partnerships


Answer: A

Question: 2

When specifying, who is to provide the valuation services, the important distinction is whether the client is retaining the appraisal firm itself or the individual appraiser employed by the firm. The common practice is:

  1. To retain the individual appraiser rather than the firm
  2. To retain the firm rather than individual appraiser, even though the expert witnesses testify based upon their individual expertise and opinions
  3. To retain the individual since the firm is responsible for completing the assignment regardless of impairment the individual’s capability to perform the work
  4. To retain firm as such practice also tends to provide discontinuity in retention of working papers and related records, marking them accessible if they are needed months or even yearslater as they frequently are


Answer: B