Chapter 2

Chapter 2

1. The allocation of scarce resources over time is:

A. Finance

B. Science

C. Agency Cost

D. Engineering

2. A statement of belief suggested by fundimental theory is.

A. Data Development

B. Normal Science

C. Heuristics

D. Hypothesis

3. A technique used in descriptive research to turn beliefs into knowledge.

A. Knowledge

B. Method

C. Hypothesis

D. Normal Science

4. Description is the engeneering work of improvement.

T/F Description is the scientific work of discovery while prescription is the engeneering work of improvement

5. A university professor is an academic.

T/F

6. It is important to understand sciences and discipline in the real estate world.

T/F

7. An anomalous fact is a research finding suggested by theory and always expected.

T/F An anomalous fact is not suggested by theory and not expected

8. Real estate is an applied disipline.

T/F