An appraiser is primarily concerned with _________ of a residential property.

a. marketability
b. cost
c. net income
d. original cost

Answer: a. marketability

Business

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What are the benefits of having strong corporate governance?

a. The ability to be strategically competitive and perform without risk of being ethically or legally exposed. b. There are no benefits to corporate governance, which is seen as an unneeded expense. c. One person has a large amount of power to make actions as quickly and riskily as necessary. d. Managers and employees fear for their jobs; fear improves productivity.

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Which of the following is a drawback of the bureaucratic approach to management?

A. Production tasks are reduced to machine-like movements that lead to boredom. B. This approach may not help managers deal with competitors and government regulations. C. This approach does not accommodate rapid decision making and flexibility. D. This approach emphasizes only money as a worker incentive. E. This approach ensures that all employees perform their best with excessive rules and regulations.

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