BUSN

Please help me with my study sheet:

Which of the following terms refers to the stages that a neighborhood goes through over time?

 A.a. Growth cycle          

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 B.b. Revitalization          

 D.d. Redevelopment    

Answer Key: C

Question 2 of 50

2.0/ 2.0 Points

The value principle that states that two adjacent parcels of land combined into one larger parcel could have a greater value than the two parcels valued separately is called

 A.a. regression.              

 B.b. anticipation.            

 D.d. progression.           

Answer Key: C

Question 3 of 50

0.0/ 2.0 Points

The period in which property values are generally at their highest is

 A.a. growth.     

 C.c. decline.      

 D.d. equilibrium.            

Question 4 of 50

0.0/ 2.0 Points

The term site refers to

A.a. a legal description of a plot of land.

 B.b. land that has been improved.         

 C.c. raw land with no improvements.    

 D.d. land within a certain set of boundaries.      

Question 5 of 50

2.0/ 2.0 Points

The effects of ordinary wear and tear are considered

A.a. physical deterioration.         

 B.b. functional obsolescence.   

 C.c. external obsolescence.       

 D.d. accelerated depreciation. 

Question 6 of 50

2.0/ 2.0 Points

Functional obsolescence could be caused by which of the following?

 A.a. A worn-out roof    

 B.b. A poor location      

 C.c. Deferred maintenance       

 D.d. A ceiling that is too high     

Question 7 of 50

2.0/ 2.0 Points

A house with four bedrooms and one bathroom is an example of

 A.a. physical deterioration.        

                 B.b. functional obsolescence.   

 C.c. external obsolescence.       

 D.d. incurable physical deterioration.    

Question 8 of 50

2.0/ 2.0 Points

An expressway is built near a residential neighborhood resulting in very high traffic noise. This is an example of

 A.a. physical deterioration.        

 B.b. functional obsolescence.   

                 C.c. external obsolescence.       

 D.d. None of the above              

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