What principle states that homogeneity in a neighborhood increases the value of an individual house?
A. Conformity
B. Substitution
C. Regression
D. Progression
Ans: A. Conformity
Explanation: According to the principle of conformity, a reasonable degree of homogeneity within a neighborhood has a positive effect on property values.
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Which of the following best relates to prioritizing stakeholders?
A. Customers are not considered high-priority stakeholders. B. Corporations need to maintain initial priority of stakeholders. C. Customers are considered high-priority stakeholders. D. Corporations need to manage expectations of customers.
Patentex developed a new secret formula that is of great value because it resulted in a virtual monopoly. Patentex has capitalized all research and development costs associated with this formula. Greene, CPA, who is auditing this account, will probably
a. Confer with management regarding transfer of the amount from the balance sheet to the income statement b. Confirm that the secret formula is registered and on file with the county clerk's office c. Confer with management regarding a change in the title of the account to goodwill d. Confer with management regarding ownership of the secret formula