What does it mean to say a value conclusion is credible?
Correct Answer
D) That it is worthy of belief given the evidence
Why this is correct: Credibility means the conclusion is supported by sufficient, relevant evidence and logical analysis, making it believable for its intended use. Why the other choices are wrong: 'That it matches the contract price' confuses credibility with agreement; an appraisal can be credible without matching contract price. 'That it falls within the range of the indications' is necessary but not sufficient for credibility. 'That the client has accepted it' is irrelevant to evidential support. Exam tip: Credibility = worthy of belief based on evidence, not on client approval or price matching.
Why This Is the Correct Answer
Why this is correct: Credibility means the conclusion is supported by sufficient, relevant evidence and logical analysis, making it believable for its intended use. Why the other choices are wrong: 'That it matches the contract price' confuses credibility with agreement; an appraisal can be credible without matching contract price. 'That it falls within the range of the indications' is necessary but not sufficient for credibility. 'That the client has accepted it' is irrelevant to evidential support. Exam tip: Credibility = worthy of belief based on evidence, not on client approval or price matching.
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