An appraiser is appraising a two-year-old, single-family, owner-occupied home in a good neighborhood. If he is trying to determine the sales price, which of the following would normally be given the greatest weight:
A: Determining the value received from direct use of the property by the owner-occupant;
B: Determining the present cost to replace the dwelling, plus the depreciation to date and the land value;
C: Capitalizing the rental income from an apartment property that is comparable, using the capitalization rate that is common in the neighborhood;
D: Carefully comparing the property with similar properties that have sold recently in the neighborhood.
Answer: D: Carefully comparing the property with similar properties that have sold recently in the neighborhood.
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The authors believe that the most serious competition nonprofits often face is
a. the growth of other nonprofits b. the status quo c. generating funding d. enlisting volunteers e. identifying generic competition
Which of the following most likely explains why firms shift from an international division structure to a more complex organizational design?
A) Firms need to concentrate their efforts on the needs of local operations and meet domestic demands more economically. B) Firms want to be able to negotiate profitable contracts with suppliers and distributors with the knowledge gained from global management. C) Firms want to be able to pool resources to meet the domestic market demand, which reduces burdens from global production. D) Firms need to market their products more efficiently and maximize production capabilities by utilizing global resources.