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6 Written questions

6 Multiple choice questions

  1. Current market value minus mortgage debt equals equity.
  2. A risk that arises from the ontinual change in the business environment and therefore dynamic risk cannot be transfered to an insurer.
  3. The intangible asset attributed to a business's reputation and the expectation of continued customer loyalty.
  4. The total amount of money generated from an investment after expenses have been paid.
  5. Real Estate Investment Trust offers investors the opportunity to invest in income-producing real estate properties.
  6. Shows the company's financial position at a stated moment in time, the close of business on the date of the balance sheet.

6 True/False questions

  1. replacement costThe amount required to duplicate exactly the business or building being appraised.


  2. reproduction costThe cost that would result in a business's (or building's) having the same use and capabilities as the one being appraised, even though the new business/building might differ physically.


  3. investmentThe worth of a building or property to an individual investor based on that investor's individual standards for achieving a goal.


  4. income statementMoney that is invested with an expectation of profit.


  5. liquidityThis term refers to the ability to sell an investment very quickly without the loss of one's capital.


  6. static riskRisk that can be transferred to an insurer such as the risk of vandalism, fire, and so forth.


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