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Please help me with my study sheet:
Which of the following terms refers to the stages that a neighborhood goes through over time?
A.a. Growth cycle
B.b. Revitalization
D.d. Redevelopment
Answer Key: C
Question 2 of 50
2.0/ 2.0 Points
The value principle that states that two adjacent parcels of land combined into one larger parcel could have a greater value than the two parcels valued separately is called
A.a. regression.
B.b. anticipation.
D.d. progression.
Answer Key: C
Question 3 of 50
0.0/ 2.0 Points
The period in which property values are generally at their highest is
A.a. growth.
C.c. decline.
D.d. equilibrium.
Question 4 of 50
0.0/ 2.0 Points
The term site refers to
A.a. a legal description of a plot of land.
B.b. land that has been improved.
C.c. raw land with no improvements.
D.d. land within a certain set of boundaries.
Question 5 of 50
2.0/ 2.0 Points
The effects of ordinary wear and tear are considered
A.a. physical deterioration.
B.b. functional obsolescence.
C.c. external obsolescence.
D.d. accelerated depreciation.
Question 6 of 50
2.0/ 2.0 Points
Functional obsolescence could be caused by which of the following?
A.a. A worn-out roof
B.b. A poor location
C.c. Deferred maintenance
D.d. A ceiling that is too high
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