In real estate and construction management, what job title has the responsibility for analyzing information on operating costs as well as preparation of the annual budget for the properties?
A. Commercial real estate appraiser
B. Construction manager
C. Property manager
D. Real estate financial analyst
C. Property manager
A property manager is responsible for analyzing information on operating costs as well as preparation of the annual budget for the properties.
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Indicate whether the statement is true or false
Answer the following statements true (T) or false (F)
1. For the vertical analysis of the balance sheet, the base amount is also the total of liabilities and stockholders' equity. 2. A common-size statement reports the same percentages that appear in a vertical analysis. 3. Dollar value bias is the bias one sees from comparing numbers in relative (dollars) rather than absolute (percentage) terms. 4. Benchmarking is the practice of comparing a company with other leading companies. 5. Benchmarking is the comparison of a company's current year results with a previous year's performance.
Answer the following statements true (T) or false (F)
1. Joe, a plant manager, wants to institute a compensation system in which more efficient workers earn higher wages. Joe is proposing to institute a differential rate system. 2. The Hawthorne studies succeeded in drawing attention to the importance of "social man" and how managers using good human relations could improve worker productivity. 3. Olde Manufacturing, a parts supplier to the auto industry, has been using the behavioral approach to management for over 100 years. However, since that method of management is too simplistic for practical use, Olde should begin implementing the newer and more sophisticated human relations movement approach to management, which is the most contemporary approach to management. 4. Behavioral science relies on data from past sales to forecast human behavior to develop strategic plans and goals. 5. When the Americans entered World War II in 1941, they used the British model to form operations research teams to determine how to deploy troops, submarines, and equipment most effectively. These techniques have evolved into quantitative management.
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Answer the following statement true (T) or false (F)