Student Created Objective Questions

Gonzalo Manriquez

Fin 180

Student Created Objective Questions

CH 12

1. The first step when gathering relevant data and performing supportive analysis is

     a) Neighborhood analysis.

     b) Defining the problem.

     c) City/ regional analysis

     d) Comparable data collection

2. The broker who brings the buyer to the transaction, the selling broker may or may not actually represent the buyer.

     a) Listing broker

     b) Selling broker

     c) Cooperating broker

     d) Buyer’s broker

3. Who provides a plan to locate the building, and natural plantings on the site?

     a) Buyer

     b) Seller

     c) Landscape architect

     d) Engineer

4. A standard definition of market value is the most probable arms length price that a property will bring in a fair, open, and competitive market.

     a) T

     b) F

5. The commercial property income approach has a projection phase, a capitalization phase, and a finalizing phase.

     a) T

     b) F

6. The integrity and soundness of the overall building system is the responsibility of the architect, who recommend structural designs, materials, component specifications, and process of construction.

     a) T

     b) F

7. Engineers are the people who actually construct the physical space or directly manage those who do.

     a) T

     b) F

8. Gannt chart is a project management technique common in real estate construction, used to schedule work and measure progress against expectations.

     a) T

     b) F

Answers: 1) B, 2) B, 3) C, 4) T, 5) F, 6) F, 7) F, 8) T