on Test Flashcards

(52 cards)

1
Q

basic model structure for the cost approach

A

MV=LV+BV

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2
Q

HYBRID GENERIC MODEL

A

MV=GQ(PLLSIZE)+(PB*BSIZE)

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3
Q

___% OF THE DATA LIE WITHIN ABOUT ONE STANDARD DEVIATION OF THE MEAN

A

68

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4
Q

PERCENTILES FORMULA

A

K=PN+P WHERE K=RANK, P=CHOSEN QUARTILE AND N=SAMPLE SIZE

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5
Q

THE CHARTING OF A FREQUENCY DISTRIBUTION USING A _____ ILLUSTRATES THE EXTENT TO WHICH SALES RATIOS ARE IN A NORMAL BELL SHAPED DISTRIBUTION

A

HISTOGRAM

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6
Q

________ SHOW SUMMARY STATISTICS FOR A DEPENDENT VARIABLE BY COMBINATIONS OF TWO INDEPENDENT VARIABLES, FOR EXAMPLE, AV SALE PRICE PER SQ FT BY GRADE AND NHBD

A

CONTINGENCY TABLES

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7
Q

SALES RATIO TRENDING IS ___/___

A

TARGET/ACTUAL

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8
Q

BAR CHART OR GRAPH OF FREQUENCY DISTRIBUTION

A

HISTOGRAM

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9
Q

BASIC MODEL STRUCTURE FOR COST APPROACH WOULD BE

A

MV=LV+(RCN-D)

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10
Q
WHICH ELEMENT IS NOT A PROPERTY CHARACTERISTIC DATA?
LOCATION DATA
LAND/SITE DATA
BUILDING DATA
INCOME AND EXPENSE DATA
A

INCOME AND EXPENSE DATA

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11
Q

A __ DATA EDIT PRODUCES A WARNING TO THE OPERATOR INDICATING ENTRY MAY BE INVALID. A ____ DATA EDIT PRECLUDES THE OPERATOR FROM MAKING CERTAIN ENTRIES.

A

SOFT-HARD

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12
Q

A ___ IS A GRAPHICAL REPRESENTATION OF A FREQ DISTR

A

HISTORGRAM

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13
Q
WHAT IS THE 3RD QUARTILE OF THIS DATA?
234 322 400 440 476
240 350 400 448 504
286 376 418 456 560
302 380 440 460 640
A

459

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14
Q

A GOOD way to SHOW THE DISTRIBUTION OF TWO QUALITATIVE VARIABLES IS

A

CROSS-TABULATION

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15
Q

TYPES OF COSTS: DIRECT

A

MATERIALS
LABOR
SUPERVISION

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16
Q

TYPES OF COSTS: INDIRECT

A
ARCH AND ENGIN FEES
PERMITS
INSURANCE
INTEREST
TAXES
MARKETING
OVERHEAD/PROFIT
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17
Q

ALL COSTS ARE EXPRESSED ON A SQ FT BASIS

A

COMPARATIVE UNIT METHOD

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18
Q

MOST COMMON METHOD IN MASS APPRAISAL

A

COMP UNIT METHOD

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19
Q

___ should contain replacement cost tables, depr schedules, guidelines for classifying structures, and building feature codes.

A

cost manuals

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20
Q

The formula for net income model is

A

MV=NOI/OAR

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21
Q

THE FORMULA OF A GROSS INCOME MODEL IS

22
Q

SOFTWARE THAT IS WRITTEN BY THE DATA PROCESSING DEPARTMENT TO MEET THE ASSESSORS REQUIREMENTS AND IS FULLY CUSTOMIZED

23
Q

SOFTWARE THAT INVOLVES USING A COMMERCIAL DATABASE, STATISTICAL SPREADSHEET, OR OTHER SOFTWARE TO BUILD THE MASS APPRAISAL SYSTEM.

24
Q

ONE OF THE STRENGTHS OF FEEDBACK IS THAT IT

A

PRODUCES SEPARATE LAND AND BUILDING VALUES

25
IN MASS APPRAISAL, COST MODELS FOLLOWS THE STRUCTURE OF
HYBRID GENERIC MODELS
26
WHAT IS AN ADVANTAGE TO DEVELOPING SOFTWARE IN HOUSE
FULL CUSTOMIZATION
27
TOP DOWN DECISION MAKING-ONE OF THE FIRST MANAGEMENT THEORIES
CLASSICAL THEORY OF MANAGEMENT
28
STATES THAT AUTHORITY AND RESPONSIBILITY SHOULD FLOW IN A DIRECT LINE VERTICALLY FROM HIGHEST TO LOWEST LEVEL
SCALAR PRINCIPLE
29
PROCESS OF SETTING AND ACHIEVING GOALS THROUGH FUNCTIONS
MANAGEMENT
30
BASIC MANAGERIAL FUNCTIONS-PODC
PLANNING ORGANIZING DIRECTING CONTROLLING
31
PROCESS OF AN AREA OF SPECIALTY
TECHNICAL SKILLS
32
ABILITIES TO COMMUNICATE AND INTERACT WITH OTHER INDIVIDUALS
HUMAN SKILLS
33
MANAGERS ABILITY TO CREATE AND MANIPULATE NEW IDEAS
CONCEPTUAL SKILLS
34
PROCESS OF INFLUENCING INDIVIDUALS AND GROUPS TO SET AND ACHIEVE GOALS
LEADERSHIP
35
3 NECESSARY MANAGEMENT SKILLS-THC
TECHNICAL HUMAN CONCEPTUAL
36
most common budget
LINE-ITEM BUDGET
37
MEASURABLE SPECIFICS THAT MUST BE ACCOMPLSIHED IN TOTAL, OR IN SOME COMBINATION TO ACHIEVE GOALS ARE
OBJECTIVES
38
PLANNING AND COORDINATING OF EFFORTS FOR A COMMON PURPOSE
ORGANIZING
39
JOBS ACCORDING TO ACTIVITY TO BE DONE
FUNCTIONAL DIVISIONS
40
DIVISIONS THAT INCLUDE A SPECIFIC AREA OF THE JURISDICTION ARE CALLED
GEOGRAPHIC DIVISIONS
41
A PROCESS FOR DETERMINING WHERE THE ORGANIZATION IS GOING OVER SOME SPAN OF TIME IS PART OF THE
STRATEGIC PLAN
42
WHAT CONTAINS DETAILED INFORMATION ABOUT WORK LOADS, MEASURES OF PERFORMANCE AND RESOURCES REQUIRED
OPERATIONAL PLAN
43
FUNCTIONAL DIVISIONS CATEGORIZE JOBS ACCORDING TO
THE ACTIVITY TO BE DONE
44
JOB SHARING, FLEX HOURS, AND TELECOMMUTING ARE EXAMPLES OF
NON PAY INCENTIVES
45
PROCESS OF ENTRUSTING ONES AUTHORITY TO A COMPETENT SUBORDINATE
DELEGATION
46
EMPLOYEES ADVISE THEIR SUPERVISOR
MODERATE
47
MASLOWS HEIRARCHY OF NEEDS PLACES ___ AT THE TOP
self actualization
48
Strictness, leniency, central tendency, recency, personal bias are all examples of
Most common performance evaluation errors
49
Assessors first line of defense
Good PR
50
Appraiser must determine the ___ for any assignment
scope of work
51
identification of problem requires appraiser to identify:
``` client intended use type of value subject of assignment assignment conditions ```
52
must ___ with client to establish problem identification
communicate