105- Agent Alice has received an offer that she believes is not in the sellers best interest. 73- Which of these is not a buying signal? Long-term agricultural yields in the United Kingdom. Depending on the specific circumstances, one or more factors of production might be more important than the others. What should Tom do? 76- Mark believes he has been discriminated against during his home search. A. Jim should not use this flier as a: 94- Sellers agent Pam was unaware of the fact that the heating system of a home she had listed was defective. indirectly, proportionatelydirectly, proportionatelyinversely, directlydirectly, inversely, A business arrangement in which two or more persons jointly own a business and share in its profits and losses is the definition of, limited partnershippartnershipgeneral partnershiptrust. c. 25 acres The cost of land typically includes the purchase price and all of the following costs except A) private driveways and parking lots. As a factor of production, capital refers to the purchase of goods made with money in production. Last year, about 25% of his income came from sales commissions. 21- Which form of advertising is considered the most cost-effective method for selling a home? 14- Value includes which of the following aspects? A basis of $148,000 and no taxable gain, B. 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We also reference original research from other reputable publishers where appropriate. a. seller Erosion Solved Knowledge Check 01 Merchandise Inventory includes all | Chegg.com In capitalism, the factors of production are most often controlled by business owners and investors. Which winds steer hurricanes that form in the Atlantic Ocean toward Florida? Again, it can take on various forms. 86- Which of the following is not considered a benefit of investing in real estate? He says to them, Would you prefer to take possession on September 1 or October 1? What kind of closing technique is Harry using? 100 ft Manufacturers within the United States, which had been in the throes of an economic recession after the financial crisis, cut back on their investments related to production due to tepid demand. For example, private enterprises and individuals own most of the factors of production in capitalism. Some common land or natural resources are water, oil, copper, natural gas, coal, and forests. How Cash Books Work, With Examples, Cost of Debt: What It Means, With Formulas to Calculate It, Cost of Equity Definition, Formula, and Example, Cost-Volume-Profit (CVP) Analysis: What It Is and the Formula for Calculating It, Current Account: Definition and What Influences It, Days Payable Outstanding (DPO) Defined and How It's Calculated. a. redemption d. 600 ft, 37. D) grading, filling, draining, and clearing costs. D. The appraised value prior to sale B. Whoever brings the buyer will get the commission. How much cropland has the world spared due to increases in crop yields? Ask the buyers to sign a real estate transfer disclosure statement. But, if yields and labor productivity do not increase it will have far-reaching consequences for global poverty, and protection of the environment. You want to buy a house for $243,500. d. depth, 25. 100 acres Decks in Basic Appraisal . For a group of early French economists called the physiocrats, who predated the classical political economists, land was responsible for generating economic value. c. accretion ", U.S. International Trade Commission. Countries that are rich in human capital experience increased productivity and efficiency. 102- What is the minimum period of time over which the owner of a commercial building can depreciate the improvements? Which is a true statement? Jason Fernando is a professional investor and writer who enjoys tackling and communicating complex business and financial problems. In conclusion, The term "permanent cropland" includes wooded plantations used to harvest fruit but excludes tree farms and true forests utilized for wood or lumber. c. an encroaching elm tree B. 27- Mr. and Mrs. Haley are purchasing beachfront property in an upscale development. These include white papers, government data, original reporting, and interviews with industry experts. Learn how it impacts trade. They have $20,000 for a down payment and assumed the sellers mortgage of $75,000. A. Availability of multiple listing service, C. Broker-paid advertising and promotion, D. Assistance with filling out disclosures. The area is characterized by the presence of agricultural land intended for parking serving the Fiumicino airport, located in the vicinity, along the SW slope with the Leonardo Da Vinci airport, to the SE with the A91 motorway Rome Fiumicino motorway, to the to the NW with other land and some commercial/craft activities and to the NE with a . Thomas J. Brock is a CFA and CPA with more than 20 years of experience in various areas including investing, insurance portfolio management, finance and accounting, personal investment and financial planning advice, and development of educational materials about life insurance and annuities. "The Industrial Robotics Industry in China: Demand and Domestic Innovation. A. I will complete the GRI certification in the next four years. a. quadrant Greenpeace includes all related activities. Her expertise is in personal finance and investing, and real estate. D. Farms. It amalgamates past approaches to economic theory, such as the concept of labor as a factor of production from socialism, into a single definition. B. The interest rate will increase gradually over time. 7- In the initial meetings with the prospects, the agent should do all of the following except which? Browse over 1 million classes created by top students, professors, publishers, and experts. . 100- What does the Real Estate Disclosure Law refer to? 64- Which of the following is not a form of personal advertising? B. PDF How to Feed the World in 2050 - Food and Agriculture Organization b. dedication Which statement is true? A Fannie Mae. A potential benefit of genetic engineering is the development of crop plants. D. I will distribute 200 business cards every month for the next six months. c. an easement In economics, capital typically refers to money. d. recorded plat, us government survey and metes and bounds, d. recorded plat, us government survey and metes and bounds, 18. C. Analyzing the income potential of the property. (d) 1.81019m1.8\times10^{-19}\;\mathrm{m}1.81019m Each of their payments is for the same amount. Land refers to physical land, such as the acres used for a farm or the city block on which a building is constructed. C. The court has ordered the transfer of Sally Greens home to her friend Penny Jacobs as part of the settlement of Sallys estate. Skilled and trained workers are called human capital and are paid higher wages because they bring more than their physical capacity to the task. You can find out more about our use, change your default settings, and withdraw your consent at any time with effect for the future by visiting Cookies Settings, which can also be found in the footer of the site. You can get a loan for 90% of value. You have permission to use, distribute, and reproduce these in any medium, provided the source and authors are credited. A lot measures 178 feet by 464 feet. The data produced by third parties and made available by Our World in Data is subject to the license terms from the original third-party authors. A survey would reveal all of the following about a property EXCEPT: 10. This is further explained below. His depreciation was $2,500 per year. Course Review Quiz Flashcards by Taylor Shimp | Brainscape The purchase price, plus improvements, C. The fair market value at the time of sale. a. 34- Sarah is an employee and Ken is an independent contractor at Kerns Realty. The right to construct and maintain tunnels, subways, subcellars, pipelines, sewers, etc. is the definition of _________ rights. 95- Who is liable for the withholding on the sale of a property owned by a foreigner? c. eminent domain 18- In a transaction that involves the purchase of a business, what document functions in the same way as the deed in a personal real estate transaction? limited use of pesticides, Which of the following is not a problem associated with industrial agriculture? Because of their low clay content, sandy soils are often referred to as "light soils.". D. A basis of $140,000 and no taxable gain. Because entrepreneurs are vital for economic growth, countries are creating the necessary framework and policies to make it easier for them to start companies. The costs of conversion of inventory include all of the following, except a. Buyer Amanda asks if she can measure the windows to see if her current drapes will fit. You can learn more about the standards we follow in producing accurate, unbiased content in our, The Evolution of Accounting and Accounting Terminology. Land and legal Descriptions Flashcards | Quizlet When appraising an income producing property, you have the following GRMs indicated from comparable sales (122, 159, 132, 126, 122, 173, 152, 126). The voluntary giving of land for public use by an owner is: turnover is sales div 39- When doing a competitive market analysis, an agent looks at all but which of the following factors? B. 71- When agent Jane meets with her sellers to offer suggestions, she most likely would not give them: 72- According to RESPA, a buyer or seller cannot legally be charged at closing for which of the following items? Depreciation. The retail coffee chain needs land (prime real estate in big cities for its coffee chain), capital (large machinery to produce and dispense coffee), and labor (employees at its retail outposts for service). 8. The health of soil is a primary concern to farmers and the global community whose livelihoods depend on well managed agriculture that starts with the dirt beneath our feet. Chapter 4 PAS 2 Inventories docx - CALAMBA CAMPUS, BRGY - StuDocu You have found comparable sales of rural land parcels that indicate the following sale prices per acre: ($930, $775, $1202, $995, $1612, $906). Real Estate: Definition, Types, How to Invest in It - Investopedia soil erosion . d. 2.5, 28. The lender in case of the borrowers death, C. The lender against delinquent payments, D. The lender in case of the borrowers default. Agricultural Land Includes All of the Following Except Which The loan will be distributed to them gradually. 20.6 c. it is a document used to record the subdivision of land, 11. $5,600 every year, with no increase, C. $5,750 the first year, plus a maximum 2% increase in market value per year, D. $5,750, plus a maximum 1% increase in market value per year. A. C. If the selling agent does not deal directly with the seller, the selling agent is not required to provide the disclosure. He sold the building for $1,000,000 and paid $60,000 in commission to the broker. The area is characterized by the presence of agricultural land intended for parking serving the Fiumicino airport, located in the vicinity, along the SW slope with the Leonardo Da Vinci airport, to the SE with the A91 motorway Rome Fiumicino motorway, to the to the NW with other land and some commercial/craft activities and to the NE with a . The rate at which vacant space in a property or a group of properties for sale or lease has been or is expected to be successfully sold or leased over a specified period of time is the definition of a(n) __________ rate. If Broker Tom procures a buyer for Jack, Tom will get the commission and Alice will not. An example of this is the change in production processes in the information technology (IT) industry after jobs were outsourced to countries with lower salaries. Which of the following is not one of those groups? b. metes and bounds Agricultural productivity across Sub-Saharan Africa needs to improve to reduce hunger, poverty, and the destruction of biodiversity. 8- When considering making a loan to a borrower, which of the following factors would probably exert the least amount of influence on the lender? - bioaccumulation of pesticides in animal tissue can lead to extinction of species Deforestation: Facts, causes & effects | Live Science What kind of listing agreement does Alice have with Jack? 4. 82- What is the minimum period of time over which the owner of an apartment building can depreciate the improvements? A. Although investment in agricultural R&D continues to be one of the most productive investments, with rates of return between 30 and 75 percent, it has been neglected in most low income countries. Special purpose: Property used by the public, such as cemeteries,. A. Ken is responsible for his own taxes, while the broker pays Sarahs. All the software and code that we write is open source and made available via GitHub under the permissive MIT license. b. littoral Those who control the factors of production often enjoy the greatest wealth in a society. Agricultural Leases Overview - National Agricultural Law Center "North American Robot Orders Fall 21% in 2008. He pays rent for occupancy, plus maintenance and operating expenses. We will always indicate the original source of the data in our documentation, so you should always check the license of any such third-party data before use and redistribution. Special assessment for drainage system c. Private driveway and parking lot d. Assumption of any lien on the property; Answer C. Fence and parking lot are reported as a. What is the meaning of T(12)?T^{\prime}(12) ?T(12)? Which of the following items can Matt not add to the original cost when doing the computation? c. There are 36 sections in a township C. Neither Sarah nor Ken can get employer-provided health insurance. Agricultural land includes all of the following EXCEPT which? C. Jim and Amanda whisper and frown when they see the basement. What kind of lease does Jim have? c. reliction In this context,technology has a fairly broad definition and can refer to software, hardware, or a combination of both used to streamline organizational or manufacturing processes. D. All adjustable rate mortgages have negative amortization. 57- Under federal income tax law, the basis for a personal residence is which of the following: A. Purchase of investments. 16- Dave and Nadine have decided that they want to become property investors. Chapter 1 - Real Property and the Law Flashcards Preview - Brainscape It sold for $80,000. e statement and outline the possible factors that could determine the contextual Variations in the manifestation of entrepreneurship. B. Why is the Schroendinger equation not valid for relativistic particles? b. easement Lots and blocks are appox. What should Alice do? USDA ERS - Major Land Uses Economists consider TFPto be the main factor driving economic growth for a country. A. What is the median of these numbers: 19, 11, 64, 36, 81, 22, 35, 95? f(z)=z3z2+2z+2f(z)=\frac{z-3}{z^{2}+2 z+2}f(z)=z2+2z+2z3. habitiat fragmentation, none, these are all problems associated with industrial agriculture. \text{T} & \text{48} & \text{46} & \text{51} & \text{57} & \text{62} & \text{68} & \text{71}\\ Which method of land description would describe an irregular piece of property? Which of the following is an example of a genetically modified crop? d. 1/2 mile, 22. Inventory (increase). C. Consider child support payments in the decision. They sold for: $178,500; $166,000; $172,750; $182,000; $168,000; $174,000; $176,000; $184,000; $170,000; $175,000; $172,000; $181,500. What is the key feature of this type of loan? The Uniform Commercial Code covers the sale of goods over $________. d. lots and blocks, 16. Investopedia requires writers to use primary sources to support their work. Which is NOT a requirement of a valid deed? The purchase price, plus improvements Claims that the world has only 100, 60, or even 30 years of harvests left often hit the headlines. The Solow residual, also known as "total factor productivity (TFP)," measures the residual output that remains unaccounted for from the four factors of production and typically increases when technological processes or equipment are applied to production. A. 59- Which of the following is a sellers request that an agent cannot honor? The purchase price, plus depreciation, B. The website with the largest amount of demographics information is, What is the median of the following set of gross rent multipliers? In a typical cash rent lease, the tenant is obligated to pay a set price per acre or a set rate for the leased land. Nicknames for Los AngelesA nickname is a shortened form of a person's The purchase price, plus depreciation These include any resource needed for the creation of a good or service. Entrepreneurship is the secret sauce that combines all the other factors of production into a product or service for the consumer market. Deposit the check into his trust fund account on the next business day. The continued popularity of the product meant that Zuckerberg also had to scale technology and operations. B. For the early political economists, labor was the primary driver of economic value. a) construct an influence diagram that relates these variables D. All adjustable rate mortgages have negative amortization. tomatoes contain a soybean's gene for disease resistance. D. Amanda smiles at Jim when she sees the whirlpool tub. Which of the following statements is true? She is probably using all but which of the following tools? The proportion of the land base in agricultural uses has declined from 63 percent in 1949 to 51 percent in 2007. Agricultural Systems is an international journal that deals with interactions - among the components of agricultural systems, among hierarchical levels of agricultural systems, between agricultural and other land use systems, and between agricultural systems and their natural and social environments. A Bill of Sale gives title to the business equipment. C. Theyre probably paying a higher interest rate on the second mortgage. She sold the property and several months later the buyer sued Pam for not disclosing the problem. That includes Randy Newman, who sings about his hometown.1:A nickname of a place can have the following functions except .Abuilding up identityBentertainmentCbringing pride to the localsDuniting surrounding cities2:The underlined sentence can best be replaced by .AYour trip to Los Angeles is not perfect if you miss . antibiotic application The metes and bounds form of land description uses: 2. a township contains how many square miles? The Census of Agriculture is a complete count of U.S. farms and ranches and the people who operate them. C. The seller did not disclose the problem on a sellers disclosure form so Pam is off the hook. Entrepreneur Howard Schultz, the companys founder, provided the fourth factor of production by being the first person to realize that a market for such a chain existed and figuring out the connections among the other three factors of production. For example, the construction worker at a hotel site is part of labor, as is the waiter who serves guests or the receptionist who enrolls them into the hotel. Farm and agricultural land can also include: land that is compatible with agricultural purposes and used incidentally for those purposes, not to exceed 20% of the classified land; land on which appurtenances necessary for the production, preparation, or sale of agricultural products if it is in conjunction with the land producing the products; a , ided by total investment.. total investment is current assets (inventories, accounts receivables and cash) plus fixed assets. ROI is equal to turnover multiplied by earning as a percent of sales. You apply for a mortgage. A farm described as the SW 1/4 of the NW 1/4 of section 7 and the W 1/2 section 8 is how many acres? b. reliction 68- Greg and Joyce have an adjustable rate mortgage on their home. Which law extended discrimination to include handicap and familial status? During the time Sam owned the property he paid $350 per year in taxes, $150 per year on maintenance like grass cutting and $90 per year on miscellaneous expenses. 5 acres The principle of supply and demand states that the price of a commodity, good, or service varies __________, but not necessarily _____________, with demand. B. National Agricultural Statistics Service - Census of Agriculture - USDA Labors transaction with firms is based on wages. 98- Grant moves into his new office space while he awaits the completion of the negotiations of the lease terms. It does not include land that is predominantly under agricultural or urban land use. When estimating the value of a fireplace in a single-family home, the most important principle is the principle of, changesubstitutionincreasing and decreasing returnscontribution, Normally the first step in highest and best use analysis is to research the uses that are, socially acceptablefinancially possiblelegally permissiblemaximally productive. What is Erosion? Effects of Soil Erosion and Land Degradation In the 1970s, who developed uniform rules for mortgage underwriting? After the crisis, China experienced a multi-year growth cycle, and its manufacturers invested in robots to improve productivity at their facilities and meet growing market demands. Labor refers to all wage-earning activities, such as the work of professionals, retail workers, and so on. a. metes and bounds Another example of entrepreneurship is Starbucks Corporation (SBUX). Studying population trends in the area. As such, factors of production, such as land and capital, are owned and regulated by the community as a whole under socialism. Solved 1. The European state model includes all of the - Chegg
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