QUESTION 29

1. Which of the following represent the four agents of production necessary to result in a marketable property?

   		Land, Building, Financing, Entrepreneurism
   		Land, Labor, Capital, Entrepreneurial Coordination
   		Supply, Demand, Equilibrium, Capital
   		Substitution, Balance, Anticipation, Change

1 points

QUESTION 30

1. The three approaches to value are?

   		Cost, Sales, & Land
   		Land, Building, & Income
   		Cost, Sales, & Income
   		Supply, Demand, Income

1 points

QUESTION 31

1. What is price?

   		The loan amount
   		The cost to build the building only
   		The cost of the entire property (land and building)
   		The actual amount of money paid in the transaction

1 points

QUESTION 32

1. The use of a property that is legally permissible, physically possible, financially feasible, and maximally productive is analyzed in a

   		Feasibility analysis
   		Marketability study
   		Market segmentation study
   		Highest and best use analysis