Assessment

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Assessment

The process by which the financial worth of property is determined. The amount at which an item is valued. A demand by the board of directors of a corporation for the payment of any money that is still owed on the purchase of capital stock. The determination of the amount of damages to be awarded to a plaintiff who has been successful in a lawsuit. The ascertainment of the pro rata share of taxes to be paid by members of a group of taxpayers who have directly benefited from a particular common goal or project according to the benefit conferred upon the individual or his or her property. This is known as a special assessment. The listing and valuation of property for purposes of fixing a tax upon it for which its owner will be liable. The procedure by which the Internal Revenue Service, or other government department of taxation, declares that a taxpayer owes additional tax because, for example, the individual has understated personal gross income or has taken deductions to which he or she is not entitled. This process is also known as a deficiency assessment.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.

ASSESSMENT. The making out a list of property, and fixing its valuation or appraisement; it is also applied to making out a list of persons, and appraising their several occupations, chiefly with a view of taxing the said persons and their property.

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.
References in periodicals archive ?
a definition by Zavadsky, who defines process management as [18] a systematic identification of business processes (definition of core (main) processes and definition of customers and process owners), visualization (creation of process maps), measurement, evaluation, and continuous business process improvement (the use of process maps, performance measurement and continuous process improvement) using the methods and principles, which are based on the process approach.
In addition to the directimpact on a board's functioning, continuous process improvement has other associated benefits.
Carrying on the theme of continuous process improvement, Colonel Porrata and his team are already looking for ways to improve on the super UTA concept before next year's super UTA in April.
How can the Air Force maintenance community emulate Toyota's effective continuous process improvement culture?
Brou Gautier from the Air Staff's continuous process improvement office said the symposium is helping participants see how they can better apply proven industry processes within their own organizations.
So it really pleases me to be here this morning to help kick off this first Department of Defense Continuous Process Improvement Symposium.
As already acknowledged, there is a new desired end state; it is an Air Force culture of continuous process improvement. The challenge for the Air Force is making the change from the current state to the desired end state.
The end result is a process management environment that reacts faster to changing business conditions without the human intervention typically associated with continuous process improvement efforts.
The DaVinci has also enabled continuous process improvements through its analysis tools and controls.
The platform aims to: allow healthcare organizations to react to changes in work volumes or other market issues; analyze processes and identify weaknesses for continuous process improvement; simulate both centralized and de-centralized tasks to determine the overall impact on the organization; and customize executive dashboards to monitor and manage daily departmental business, providing key performance indicators.
Such examples as documentation and traceability systems in the production and distribution industry, or data sets that allow data mining and use of techniques such as statistical process control to understand determinants of performance and implement continuous process improvement systems, are examples where the current benefits may be limited, but the future opportunities created are substantial and can only be assessed with an options framework.
By using continuous process improvement techniques to push capability as much as possible, the food processor will both reduce costs and the chance of shipping out-of-specification products.

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