Which of the following would not contribute to functional obsolescence?
A. Eccentric floor plan
B. Outdated fixtures
C. Nearby nuisances
D. Insufficient number of bathrooms
Answer: C. Nearby nuisances
Explanation: Nuisances external to the property are causes of external (economic) obsolescence. Problems caused by design inadequacies or outmoded appliances are causes of functional obsolescence.
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The clause in a trust deed or mortgage that permits the lender to declare the entire unpaid balance immediately due and payable upon default is the
A) judgment clause. B) escalator clause. C) forfeiture clause. D) acceleration clause.
The Healthy Bites Grill is fast-food restaurant chain that sells burgers made from lean buffalo meat, fries that aren't fried, and veggie pockets with soy cheese
The company is four years old and already has outlets in New York, Japan, Canada, and Kuwait, and has plans to expand to many other markets. In which stage of the retail life cycle is the Healthy Bites Grill? A) introduction B) growth C) maturity D) expansion E) extension