Which of the following comments about loft buildings is untrue?

Question 11 options:

1)	They were designed to accommodate manufacturing processes.

2)	They are seldom adaptable to uses other than that for which they were designed.

3)	They are multi-story structures, usually with wood or concrete frames and masonry exterior walls.

4)	Many are located near central business districts.

If operating expenses are $250,000, potential gross income is $650,000, and the maximum acceptable default ratio is .85, the largest mortgage loan the property will support when the annual debt service constant of .105 is:

Question 13 options:

1)	less than $2.9 million.

2)	between $2.9 million and $3.1 million.

3)	more than $3.1 million.

4)

not determinable with available information.

The portion of a feasibility report that describes, briefly and succinctly, key details and the analyst's findings and recommendations, devoid of explanatory or substantiating detail, is the:

Question 15 options:

1)	summary and conclusions section.

2)	market analysis section.

3)	regional and city analysis section.

4)	executive summary.

Government land use control is exercised through all of the following except:

Question 18 options:

1)	monetary and fiscal policy.

2)	zoning laws and master land-use plans.

3)	control over public utilities.

4)	building controls and environmental protection statutes.

Subdivision, a term applied to the land development process, may involve all of the following except:

Question 20 options:

1)	improving land by adding roads, storm sewers and sidewalks.

2)	surveying the land and dividing it into individual building lots.

3)	constructing buildings and other improvements on the land.

4)

selling individual building lots that have been created.

Preliminary financial feasibility testing deals with:

Question 23 options:

1)	threshold questions concerning the venture's acceptability.

2)	solvency testing.

3)	estimating the minimum project revenue required to meet investor's criteria.

4)	all the above.