During which stage of the listening process would you determine how well you understand a speech?

Second stage

Explanation:

Now listening is reckoned to having 5 stages.

Receiving information

Understanding information

Remembering information

Evaluating information

Feedback

Now you evaluate something by rightly figuring out if what was said applies to you. This means you must have understood the content or subject. It is when you have evaluated you can give an insightful feedback to the speaker.