The cost of a property is:
A. The market value of the property
B. The most probable price of property would receive an affair sale in an open market
C. The amount of money the seller paid to ordinarily obtain the property
D. The amount of seller received for the property when not affected by undue stimulus
Answer: C. The amount of money the seller paid to ordinarily obtain the property
You might also like to view...
Physical distribution and logistics are concerned with all but one of the following:
A) order processing. B) warehousing. C) inventory management. D) transportation. E) designing in-store displays.
Which of the following statements about social class is most likely true?
A) People in the lower classes purchase items less impulsively than upper class shoppers. B) Social scientists agree that there are an unlimited number of social classes. C) "New money" people possess inherited wealth, often acquired several generations before. D) It is virtually impossible to move from one social class to another. E) Social class is determined by a combination of factors such as income, education, occupation, and accumulated wealth.