28) gross operating income

a) gross potential income minus effective gross income plus other income

b) income minus expenses

c) takes into effect debt service

d) takes into effect spatial expenditures

34) a potential issue with purchasing a condominium might be:

a) it might be difficult to obtain financing if a high percentage of the building is tenant occupied

b) the popularity of these types of buildings might make it difficult to find one for sale

c) it is nearly impossible to get insurance for these types of buildings

d) none of the above is true