An appraiser usually uses which of the following approaches in estimating the value of unimproved property:
A: Cost;
B: Income;
C: Gross rent multiplier;
D: Comparison.
Answer: D: Comparison.
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A clothing company in Singapore which specialized in women's clothing, had to modify its clothes before introducing them to Iranian markets, to suit the needs of women in that country. Women in Iran are expected to cover themselves completely. The company mostly used opaque material and provided accessories like scarves. Which of the following factors is dictating product adaptation in the above scenario?
A. Legal requirements. B. Cultural requirements. C. Technological requirements. D. Economic requirements. E. Climatic requirements.
A transportation table that has a cell evaluation of 0 means that:
A) the table is optimal. B) an equivalent alternative solution exists. C) supply and demand are equal. D) the solution is not optimal.