To an appraiser, a definition of value is:
A: A relationship between desirous persons and things desired;
B: The ability of one commodity to command other commodities in exchange;
C: The present worth of future benefits arising out of ownership of a property;
D: Any of the above.
Answer: D: Any of the above.
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Which of the following about telephone selling by an inside sales group is FALSE?
A. saves time and money for the producer. B. provides a way for the producer to get direct feedback from customers. C. extends the personal selling effort to new target markets. D. provides a way for the producer to find solutions to potential problems. E. none of the above is false.
The waiting time (in minutes) between ordering and receiving your meal at a certain restaurant
is exponentially distributed with a mean of 10 minutes. The restaurant has a policy that your meal is free if you have to wait more than 25 minutes after ordering. What is the probability of receiving a free meal? A) 0.670320 B) 0.082085 C) 0.329680 D) 0.917915