When an appraiser estimates the cost of construction using the __________, this is the cost to build an exact replica of the building using actual materials used and the present design of the building.
a. replacement cost
b. reproduction cost
c. market data approach
d. income approach
Answer: b. reproduction cost
Business
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A popular recording artist breaches her contract with ABC Company by agreeing to record for XYZ's company, a competing record company. A court that hears the dispute will:
A. order the artist to record for ABC. B. issue an injunction preventing the artist from recording for XYZ. C. order the artist to record for both companies. D. order XYZ to provide a comparable artist to ABC as compensation.
Business
Which of the following policies does NOT build cash value?
A) Term B) Straight Life C) Endowment D) Variable Life
Business