Archives: Quiz
978-1259723223 Test Bank Chapter 2
2-36 CHAPTER 2 The Market System and the Circular Flow A. Short-Answer, Essays, and Problems 1. Define the term economic system. Discuss the two ways in which economic systems can differ. 2. Explain the term “laissez faire capitalism.” 3. Explain […]
978-1259723223 Test Bank TBChap001 Part 13
that A. X is inversely related to Y. B. X is positively related to Y. C. X and Y are independent. D. other variables not shown are held constant. AACSB: Knowledge Application A c c e s s i b […]
978-1259723223 Test Bank TBChap001 Part 12
1-221 AACSB: Knowledge Application A c c e s s i b i l i t y : Keyboard Navigation Blooms: Understand Diffi culty: 02 Medium Learning Objective: 01–07 Explain how economic growth and international trade increase consumption possibilities. Test […]
978-1259723223 Test Bank TBChap001 Part 11
1-201 387. The law of increasing opportunity costs states that A. costs of production increase for one good, but costs decrease for the other good. B. increases in wages and other resource costs is what the increasing opportunity costs refer […]
978-1259723223 Test Bank TBChap001 Part 10
business ventures in a capitalist economy is called the A. manager. B. entrepreneur. C. stockbroker. D. banker. AACSB: Knowledge Application A c c e s s i b i l i t y : Keyboard Navigation Blooms: Remember Difficu l […]
978-1259723223 Test Bank TBChap001 Part 9
297. The notion of “purposeful behavior” in the economic perspective suggests that A. people will tend to stick with a particular choice for a long period of time. B. economic analysis will provide people with a single “right” way to […]
978-1259723223 Test Bank TBChap001 Part 8
1-141 Blooms: Understand Difficulty: 02 Medium Learning Objective: 01–08 Appendix: Understand graphs, curves, and slopes as they relate to economics. Test Bank: I To pi c: Appendix: Graphs and Their Meaning 264. Refer to the graph. Which of the following […]
978-1259723223 Test Bank TBChap001 Part 7
1-121 Test Bank: I Top i c: Production Possibilities Model 234. An economy will always operate at some point on its production possibilities curve. FALSE AACSB: Knowledge Application A c c e s s i b i l i t […]
978-1259723223 Test Bank TBChap001 Part 6
1-101 Test Bank: I Topi c: Unemployment, Growth, and the Future 187. A country can achieve some combination of goods outside its production possibilities curve by A. idling some of its resources. B. specializing and engaging in international trade. C. […]
978-1259723223 Test Bank TBChap001 Part 5
1-81 Test Bank: I Top i c: Production Possibilities Model 154. The law of increasing opportunity costs is reflected in a production possibilities curve that is A. an upsloping straight line. B. a downsloping straight line. C. bowed out from […]
978-1259723223 Test Bank TBChap001 Part 4
126. Refer to the diagram. Starting at point E, the production of successive units of bread will cost A. a constant 8 units of tractors. B. a constant 6 units of tractors. C. 1/8, 1/6, 1/4, and 1/2 units of […]
978-1259723223 Test Bank TBChap001 Part 3
C. if all the resources of an economy are in use, more of one good can be produced only if less of another good is produced. D. an economy‘s capacity to produce increases in proportion to its population size. AACSB: […]
978-1259723223 Test Bank TBChap001 Part 2
B. what ought to be. C. what is. D. rational choice involving costs and benefits. AACSB: Analytical Thinking Acc e s s i b i l i t y : Keyboard Navigation Blooms: Analyze D i f f i c […]
978-1259723223 Test Bank TBChap001 Part 1
Chapter 01 Limits, Alternatives, and Choices Answer Key Multiple Choice Questions 1. For economists, the word “utility” means A. versatility and flexibility. B. rationality. C. pleasure or satisfaction. D. purposefulness. AACSB: Knowledge Application A c c e s s i […]
978-1259723223 Test Bank Chapter 1 Part 2
1-20 37. Explain and evaluate: “If resources were infinitely abundant in relation to the demand for them, the economizing problem would dissolve in a sea of affluence.” If this were true, people would not have to make choices and there […]
978-1259723223 Test Bank Chapter 1 Part 1
1-1 CHAPTER 1 Limits, Alternatives, and Choices A. Short-Answer, Essays, and Problems 1. What is a brief definition of economics? What are the conditions that give rise to this definition? 2. What are the three interrelated features of the economic […]
978-1259919688 Test Bank Chapter 23
Real Estate Finance & Investments, 16e (Brueggeman) Chapter 23 Real Estate Investment Funds: Structure, Performance, Benchmarking, and Attribution Analysis 1) Investments that are held “in trust” on behalf of a pension plan’s beneficiaries cause the fiduciary duties and responsibilities of […]
978-1259919688 Test Bank Chapter 22
Real Estate Finance & Investments, 16e (Brueggeman) Chapter 22 Real Estate Investment Performance and Portfolio Considerations 1) It is difficult to compare the investment performance of real estate with stocks and bonds because when investment properties do sell, the sale […]
978-1259919688 Test Bank Chapter 21
Real Estate Finance & Investments, 16e (Brueggeman) Chapter 21 Real Estate Investment Trusts (REITs) 1) At least 95 percent of the value of a REIT’s assets must consist of real estate assets, cash, and government securities. Answer: FALSE Difficulty: 2 […]
978-1259919688 Test Bank Chapter 20
Real Estate Finance & Investments, 16e (Brueggeman) Chapter 20 The Secondary Mortgage Market: CMOs and Derivative Securities 1) One way in which a mortgage pay-through bond (MPTB) is similar to a mortgage-backed bond (MBB) is that the pay-through bond is […]
978-1259919688 Test Bank Chapter 19
Real Estate Finance & Investments, 16e (Brueggeman) Chapter 19 The Secondary Mortgage Market: Pass-Through Securities 1) In 2008, Fannie Mae was spun off in an initial public offering as a private company. Answer: FALSE Difficulty: 2 Medium Topic: Secondary mortgage […]
978-1259919688 Test Bank Chapter 18
Real Estate Finance & Investments, 16e (Brueggeman) Chapter 18 Structuring Real Estate Investments: Organizational Forms and Joint Ventures 1) An IRR preference will always give the investor a return that is equal to or better than what the return would […]
978-1259919688 Test Bank Chapter 17
Real Estate Finance & Investments, 16e (Brueggeman) Chapter 17 Financing Land Development Projects 1) Option contracts are used to reserve a parcel of land so that it will not be sold to someone else, while the developer does preliminary analysis […]
978-1259919688 Test Bank Chapter 16
Real Estate Finance & Investments, 16e (Brueggeman) Chapter 16 Financing Project Development 1) One of the risks of project development is “project risks,” which are the result of unexpected changes in general market conditions affecting the supply and demand for […]
978-1259919688 Test Bank Chapter 15
Real Estate Finance & Investments, 16e (Brueggeman) Chapter 15 Financing Corporate Real Estate 1) For a large corporation with a good credit rating seeking to finance corporate real estate, the cost of a mortgage loan may be greater than the […]
978-1259919688 Test Bank Chapter 14
Real Estate Finance & Investments, 16e (Brueggeman) Chapter 14 Disposition and Renovation of Income Properties 1) One factor an investor should consider when trying to decide whether to dispose of a property he or she has owned for several years […]
978-1259919688 Test Bank Chapter 13
Real Estate Finance & Investments, 16e (Brueggeman) Chapter 13 Risk Analysis 1) Partitioning the internal rate of return is useful because it helps the investor to determine how much of the return is from annual operating cash flow and how […]
978-1259919688 Test Bank Chapter 12
Real Estate Finance & Investments, 16e (Brueggeman) Chapter 12 Financial Leverage and Financing Alternatives 1) Financial leverage is defined as benefits that may result to an investor by borrowing money at a rate of interest that is lower than the […]
978-1259919688 Test Bank Chapter 11
Real Estate Finance & Investments, 16e (Brueggeman) Chapter 11 Investment Analysis and Taxation of Income Properties 1) Debt coverage ratio measures the degree to which the NOI from the property is expected to exceed the mortgage payment. Answer: TRUE Difficulty: […]
978-1259919688 Test Bank Chapter 10
Real Estate Finance & Investments, 16e (Brueggeman) Chapter 10 Valuation of Income Properties: Appraisal and the Market for Capital 1) The sales comparison approach to appraisal is preferred because it is the only objective appraisal approach. Answer: FALSE Difficulty: 2 […]
978-1259919688 Test Bank Chapter 9
Real Estate Finance & Investments, 16e (Brueggeman) Chapter 9 Income-Producing Properties: Leases, Rents, and the Market for Space 1) Analysis of effective rents tends to be superior to analysis of total rents over the life of a lease. Answer: TRUE […]
978-1259919688 Test Bank Chapter 8
Real Estate Finance & Investments, 16e (Brueggeman) Chapter 8 Underwriting and Financing Residential Properties 1) For a loan with an LTV greater than 80 percent, the costs of mortgage insurance always exceed the costs of second lien financing. Answer: FALSE […]
978-1259919688 Test Bank Chapter 7
Real Estate Finance & Investments, 16e (Brueggeman) Chapter 7 Single-Family Housing: Pricing, Investment, and Tax Considerations 1) If the cost of rental housing increases relative to house prices, demand for purchased housing tends to increase. Answer: TRUE Difficulty: 1 Easy […]
978-1259919688 Test Bank Chapter 6
Real Estate Finance & Investments, 16e (Brueggeman) Chapter 6 Mortgages: Additional Concepts, Analysis, and Applications 1) A borrower finds that the incremental cost of borrowing an extra $10,000 is 14%. The borrower can earn 12% on alternative investments of comparable […]
978-1259919688 Test Bank Chapter 5
Real Estate Finance & Investments, 16e (Brueggeman) Chapter 5 Adjustable and Floating Rate Mortgage Loans 1) ARMs were developed because lenders were tired of offering a limited selection of loan alternatives to borrowers. Answer: FALSE Difficulty: 1 Easy Topic: ARMs […]
978-1259919688 Test Bank Chapter 4
Real Estate Finance & Investments, 16e (Brueggeman) Chapter 4 Fixed Interest Rate Mortgage Loans 1) Inflation makes very little difference to lenders of and investors needing money. Answer: FALSE Difficulty: 1 Easy Topic: Mortgage characteristics Accessibility: Keyboard Navigation Gradable: automatic […]
978-1259919688 Test Bank Chapter 3
Real Estate Finance & Investments, 16e (Brueggeman) Chapter 3 Mortgage Loan Foundations: The Time Value of Money 1) In order to solve a compounding problem, you must know all four of the variables in order to solve for the fifth […]
978-1259919688 Test Bank Chapter 2
Real Estate Finance & Investments, 16e (Brueggeman) Chapter 2 Real Estate Financing: Notes and Mortgages 1) A mortgage is the same thing as a note. Answer: FALSE Difficulty: 1 Easy Topic: Mortgages Accessibility: Keyboard Navigation Gradable: automatic 2) A non-recourse […]
978-1259919688 Test Bank Chapter 1
Real Estate Finance & Investments, 16e (Brueggeman) Chapter 1 Real Estate Investment: Basic Legal Concepts 1) Real estate refers to the physical land and improvements constructed on the land. Answer: TRUE Difficulty: 1 Easy Topic: Property rights Accessibility: Keyboard Navigation […]
978-1305405745 Test Bank Chapter 23 Part 2
Name: Class: Date: chapter 23 Copyright Cengage Learning. Powered by Cognero. Page 13 102. A provision in a property insurance policy that requires the owner to have insurance for at least 80 percent of what it would cost to rebuild […]
978-1305405745 Test Bank Chapter 23 Part 1
Name: Class: Date: chapter 23 Copyright Cengage Learning. Powered by Cognero. Page 1 Indicate whether the statement is true or false. 1. ACV refers to the depreciated value of a property. a. True b. False 2. Funds transfer fraud provides […]
978-1305405745 Test Bank Chapter 22 Part 2
Name: Class: Date: chapter 22 Copyright Cengage Learning. Powered by Cognero. Page 12 95. The number of days, on average, that a company holds inventory 96. The management of current assets and current liabilities 97. The number of days, on […]
978-1305405745 Test Bank Chapter 22 Part 1
Name: Class: Date: chapter 22 Copyright Cengage Learning. Powered by Cognero. Page 1 Indicate whether the statement is true or false. 1. Net cash flow should be equated with net profit. a. True b. False 2. The disadvantage of accounts […]
978-1305405745 Test Bank Chapter 21 Part 2
Name: Class: Date: chapter 21 Copyright Cengage Learning. Powered by Cognero. Page 13 103. The use of a random, representative portion of products to determine the acceptability of an entire lot 104. An all-encompassing management approach to providing high-quality products […]
978-1305405745 Test Bank Chapter 21 Part 1
Name: Class: Date: chapter 21 Copyright Cengage Learning. Powered by Cognero. Page 1 Indicate whether the statement is true or false. 1. Kaoru Ishikawa contends that 95 percent of the typical company’s quality problems can be solved by using “The […]
978-1305405745 Test Bank Chapter 20 Part 2
Name: Class: Date: chapter 20 Copyright Cengage Learning. Powered by Cognero. Page 12 c. Employee benefits d. Flexible benefit programs e. Headhunter f. Management development g. Piecework h. Professional employer organization 97. An arrangement to outsource part of personnel management […]
978-1305405745 Test Bank Chapter 20 Part 1
Name: Class: Date: chapter 20 Copyright Cengage Learning. Powered by Cognero. Page 1 Indicate whether the statement is true or false. 1. A human resource manager is unnecessary when employees are represented by a union. a. True b. False 2. […]
978-1305405745 Test Bank Chapter 19
Name: Class: Date: chapter 19 Copyright Cengage Learning. Powered by Cognero. Page 1 Indicate whether the statement is true or false. 1. The maximum number of employees who can be supervised effectively by a capable manager is four. a. True […]
978-1305405745 Test Bank Chapter 18 Part 2
Name: Class: Date: chapter 18 Copyright Cengage Learning. Powered by Cognero. Page 12 91. Which government organization is an excellent source information about analyzing markets, financing and planning strategy? a. TradePort b. Small Business Administration c. Export Assistance Center d. […]
978-1305405745 Test Bank Chapter 18 Part 1
Name: Class: Date: chapter 18 Copyright Cengage Learning. Powered by Cognero. Page 1 Indicate whether the statement is true or false. 1. A small firm can generate the greatest financial returns using international licensing strategies when these efforts involve the […]