Why is the replacement cost appraisal approach generally easier to apply to a new property than an old property?
a. Historic costs are hard to obtain and verify for older properties.
b. It is difficult to value the land on which the property is situated.
c. Depreciation is more difficult to estimate on an older property.
d. Different building codes may have been in effect when an older property was built.
Answer: c. Depreciation is more difficult to estimate on an older property.
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Fill in the blank(s) with the appropriate word(s).
As discussed your textbook, what does "SEO" stand for?
A. Search-Engine Optimization – Public relations practitioners use SEO to make sure that their organization's website comes up when stakeholders search for the company online. B. Search-Engine Organization – Public relations practitioners must work with their company's IT department to organize the search engines available to employees on their office computers. C. Suspicious Employee-Operatives – To enhance internal communication, public relations practitioners monitor the emails of suspicious employees, using technology to restrict employees' privacy. D. Super-Excited Officials – This is what all public relations practitioners need for a successful news conference. E. Standard Ethical Operations – These are guidelines for the ethical practice of public relations in a specific organization.