Which of the following is NOT recorded as the cost of a building?
A) building permits
B) fencing
C) architectural fees
D) contractor charges
B) fencing
Explanation: Fencing is a land improvement.
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Where on the spectrum of authority seems to be the “key to success”?
a. centralized b. decentralized c. the right balance between the two extremes d. alternating between centralized and decentralized with each decision
When comparing one product offering to the next-best-alternative, value elements where there are no apparent differences between the two offerings are termed _______
a. points of parity b. points of difference c. value word equations d. points of contention
Which of the following is a feature of condominium ownership?
A) The owner of each unit in the development also owns a share of the common elements B) The right to possession of each unit in the development is shared between the owner and the condominium corporation C) All owners are equally liable for any debts incurred by another owner with respect to the property D) The condominium corporation must give consent for a unit to be rented E) All of the above
Future costs that do differ among the alternatives are not relevant in a decision.
Answer the following statement true (T) or false (F)