All of the following are disadvantages of noninsurance transfers EXCEPT
A) The party to whom the potential loss is transferred may be unable to pay.
B) The transfer may fail because the contract language is ambiguous.
C) The only potential losses that can be transferred are those that are not commercially insurable.
D) The noninsurance transfer may be costly.
Answer: C
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A local manager at the (Best Price) store in Mumbai noticed two men carrying their recent purchase of a ladder along the street. From this, the manager concluded the store needed a delivery service for larger items. This is an example of what source of market information?
A. Internal referencing B. Direct sensory perception C. secondary market research D. Quantitative research E. Second-hand information gathering
A comparable property has a feature that the subject property lacks. Under the market data approach, how will an appraiser treat this feature?
A. The feature is identified in the appraisal report but disregarded in the valuation B. The feature's value is added to the value of the subject C. The feature's value is subtracted from the value of the comparable D. The feature's value is subtracted from the value of the subject