Under which of the following rules is actual cash value determined by taking into consideration all relevant factors an expert would use to determine the value of the property?
A) the circumstantial evidence rule
B) the broad evidence rule
C) the property indemnity rule
D) the objective value rule
Answer: B
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The Commissioner's public report on a subdivision is designed to protect the purchasers of lots. No subdivider may enter into a legally binding contract with a purchaser unless and until:
A: A preliminary subdivision public report has been issued; B: A final subdivision public report has been issued; C: The prospective purchaser has had the opportunity to read and has acknowledged, in writing, the receipt of the copy of the final public report; D: The occurrence of any of the above.
Management is willing to tolerate one stockout every 2 years for a specific item. If 10 orders are
placed for the item each year the service level desired is: A) 80%. B) 90%. C) 85%. D) 95%. E) none of the above