The __________ of a property is the highest price on the date of valuation a willing seller and buyer would agree to, both having full knowledge of the property's various uses.

a. fair market value
b. depreciation schedule
c. replacement cost
d. conforming value

Answer: a. fair market value

Business

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Of the elements of the marketing mix, ________ is most closely linked with revenue

A) price B) promotion C) product D) place E) positioning

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A goal programming problem had two goals (with no priorities assigned). Goal number 1 was to achieve a profit of $3,600 and goal number 2 was to have no wasted material

The optimal solution to this problem resulted in a profit of $3,300 and no wasted material. What was the value for the objective function for this goal programming problem? A) 300 B) -300 C) 3300 D) 0 E) None of the above

Business