Under Continuous and Comprehensive Evaluation (CCE), upon a micro and analytical study of the concepts of 'Assessment' and 'Evaluation', which of the following statements most accurately explains the fundamental and functional difference between the two?

In the Continuous and Comprehensive Evaluation (CCE) system, both 'Assessment' and 'Evaluation' have their own specific places. Assessment is an ongoing and formative process that continuously gathers evidence and provides feedback to improve learning, whereas evaluation is a broader process in which data obtained from assessment is analyzed to make value judgments and decisions in reference to a specific criteria or objective.