on Test

Question 1

basic model structure for the cost approach

Answer 1

MV=LV+BV

Question 2

HYBRID GENERIC MODEL

Answer 2

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

Question 3

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

Answer 3

68

Question 4

PERCENTILES FORMULA

Answer 4

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

Question 5

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

Answer 5

HISTOGRAM

Question 6

________ 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

Answer 6

CONTINGENCY TABLES

Question 7

SALES RATIO TRENDING IS ___/___

Answer 7

TARGET/ACTUAL

Question 8

BAR CHART OR GRAPH OF FREQUENCY DISTRIBUTION

Answer 8

HISTOGRAM

Question 9

BASIC MODEL STRUCTURE FOR COST APPROACH WOULD BE

Answer 9

MV=LV+(RCN-D)

Question 10

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

Answer 10

INCOME AND EXPENSE DATA

Question 11

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

Answer 11

SOFT-HARD

Question 12

A ___ IS A GRAPHICAL REPRESENTATION OF A FREQ DISTR

Answer 12

HISTORGRAM

Question 13

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

Answer 13

459

Question 14

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

Answer 14

CROSS-TABULATION

Question 15

TYPES OF COSTS: DIRECT

Answer 15

MATERIALS
LABOR
SUPERVISION

Question 16

TYPES OF COSTS: INDIRECT

Answer 16

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

Question 17

ALL COSTS ARE EXPRESSED ON A SQ FT BASIS

Answer 17

COMPARATIVE UNIT METHOD

Question 18

MOST COMMON METHOD IN MASS APPRAISAL

Answer 18

COMP UNIT METHOD

Question 19

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

Answer 19

cost manuals

Question 20

The formula for net income model is

Answer 20

MV=NOI/OAR

Question 21

THE FORMULA OF A GROSS INCOME MODEL IS

Answer 21

MV=GI*GIM

Question 22

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

Answer 22

IN HOUSE

Question 23

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

Answer 23

generic

Question 24

ONE OF THE STRENGTHS OF FEEDBACK IS THAT IT

Answer 24

PRODUCES SEPARATE LAND AND BUILDING VALUES

Question 25

IN MASS APPRAISAL, COST MODELS FOLLOWS THE STRUCTURE OF

Answer 25

HYBRID GENERIC MODELS

Question 26

WHAT IS AN ADVANTAGE TO DEVELOPING SOFTWARE IN HOUSE

Answer 26

FULL CUSTOMIZATION

Question 27

TOP DOWN DECISION MAKING-ONE OF THE FIRST MANAGEMENT THEORIES

Answer 27

CLASSICAL THEORY OF MANAGEMENT

Question 28

STATES THAT AUTHORITY AND RESPONSIBILITY SHOULD FLOW IN A DIRECT LINE VERTICALLY FROM HIGHEST TO LOWEST LEVEL

Answer 28

SCALAR PRINCIPLE

Question 29

PROCESS OF SETTING AND ACHIEVING GOALS THROUGH FUNCTIONS

Answer 29

MANAGEMENT

Question 30

BASIC MANAGERIAL FUNCTIONS-PODC

Answer 30

PLANNING ORGANIZING DIRECTING CONTROLLING

Question 31

PROCESS OF AN AREA OF SPECIALTY

Answer 31

TECHNICAL SKILLS

Question 32

ABILITIES TO COMMUNICATE AND INTERACT WITH OTHER INDIVIDUALS

Answer 32

HUMAN SKILLS

Question 33

MANAGERS ABILITY TO CREATE AND MANIPULATE NEW IDEAS

Answer 33

CONCEPTUAL SKILLS

Question 34

PROCESS OF INFLUENCING INDIVIDUALS AND GROUPS TO SET AND ACHIEVE GOALS

Answer 34

LEADERSHIP

Question 35

3 NECESSARY MANAGEMENT SKILLS-THC

Answer 35

TECHNICAL HUMAN CONCEPTUAL

Question 36

most common budget

Answer 36

LINE-ITEM BUDGET

Question 37

MEASURABLE SPECIFICS THAT MUST BE ACCOMPLSIHED IN TOTAL, OR IN SOME COMBINATION TO ACHIEVE GOALS ARE

Answer 37

OBJECTIVES

Question 38

PLANNING AND COORDINATING OF EFFORTS FOR A COMMON PURPOSE

Answer 38

ORGANIZING

Question 39

JOBS ACCORDING TO ACTIVITY TO BE DONE

Answer 39

FUNCTIONAL DIVISIONS

Question 40

DIVISIONS THAT INCLUDE A SPECIFIC AREA OF THE JURISDICTION ARE CALLED

Answer 40

GEOGRAPHIC DIVISIONS

Question 41

A PROCESS FOR DETERMINING WHERE THE ORGANIZATION IS GOING OVER SOME SPAN OF TIME IS PART OF THE

Answer 41

STRATEGIC PLAN

Question 42

WHAT CONTAINS DETAILED INFORMATION ABOUT WORK LOADS, MEASURES OF PERFORMANCE AND RESOURCES REQUIRED

Answer 42

OPERATIONAL PLAN

Question 43

FUNCTIONAL DIVISIONS CATEGORIZE JOBS ACCORDING TO

Answer 43

THE ACTIVITY TO BE DONE

Question 44

JOB SHARING, FLEX HOURS, AND TELECOMMUTING ARE EXAMPLES OF

Answer 44

NON PAY INCENTIVES

Question 45

PROCESS OF ENTRUSTING ONES AUTHORITY TO A COMPETENT SUBORDINATE

Answer 45

DELEGATION

Question 46

EMPLOYEES ADVISE THEIR SUPERVISOR

Answer 46

MODERATE

Question 47

MASLOWS HEIRARCHY OF NEEDS PLACES ___ AT THE TOP

Answer 47

self actualization

Question 48

Strictness, leniency, central tendency, recency, personal bias are all examples of

Answer 48

Most common performance evaluation errors

Question 49

Assessors first line of defense

Answer 49

Good PR

Question 50

Appraiser must determine the ___ for any assignment

Answer 50

scope of work

Question 51

identification of problem requires appraiser to identify:

Answer 51

``` client intended use type of value subject of assignment assignment conditions ```

Question 52

must ___ with client to establish problem identification

Answer 52

communicate