Please help me with my study sheet:

Which of the following terms refers to the stages that a neighborhood goes through over time?

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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

Question 7 of 50

2.0/ 2.0 Points

A house with four bedrooms and one bathroom is an example of

A.a. physical deterioration.

B.b. functional obsolescence.

C.c. external obsolescence.

D.d. incurable physical deterioration.

Question 8 of 50

2.0/ 2.0 Points

An expressway is built near a residential neighborhood resulting in very high traffic noise. This is an example of

A.a. physical deterioration.

B.b. functional obsolescence.

C.c. external obsolescence.

D.d. None of the above

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