$1.$ How might the following statement be flawed, "Adjustments accurately reflect the market's perception of value"?

a$.$

Adjustments accurately reflect the market's perception of value because they are based on the latest available market data.

b$.$

Adjustments can be subjective and therefore are not useful.

c$.$

Adjustments can be subjective and are not universally agreed upon.

d$.$

Different properties can require a range of different adjustments.