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6 Written questions

6 Multiple choice questions

  1. The income statement is a concise summary of all income and expenses of a business for a stated period of time.
  2. Shows the company's financial position at a stated moment in time, the close of business on the date of the balance sheet.
  3. The chance of losing all or part of an investment.
  4. The value of an established business property compared with the value of just the physical assets of a business that is not yet established.
  5. The 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.
  6. Property appreciation is an advantage of investing in real estate.

6 True/False questions

  1. investmentMoney that is invested with an expectation of profit.

          

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

          

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

          

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

          

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

          

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

          

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