The borrower makes payments of interest only over the term of the loan. Land resources are the raw materials in the production process. c. 66 feet This site is using cookies under cookie policy . 34- Sarah is an employee and Ken is an independent contractor at Kerns Realty. materials, buildingslabor, entrepreneurial coordinationbuildings, labormaterials, entrepreneurship. What will they have to pay at closing for the points? 7- In the initial meetings with the prospects, the agent should do all of the following except which? b. recorded plat Chapter 4 PAS 2 Inventories docx - CALAMBA CAMPUS, BRGY - StuDocu You want to insure it for 80% of value. How Do Factor Endowments Impact a Country's Comparative Advantage? Even an artist involved in making art, whether it is a painting or a symphony, is considered labor. The voluntary giving of land for public use by an owner is: 75 Here are all the sales in your area in the last 4 months. When he coded the minimum viable product himself, Zuckerbergs labor was the only factor of production. Because of their low clay content, sandy soils are often referred to as " light soils." c. 2 townships What should Tom do? The second mortgage has now become the primary loan. d. mete, 23. Find and create gamified quizzes, lessons, presentations, and flashcards for students, employees, and everyone else. Which statement is true? Which of the following types of investments has historically generated the highest return on investment? habitiat fragmentation, none, these are all problems associated with industrial agriculture. 75- All but which of the following is NOT an AIDA feature? The state of technological progress can influence the total factors of production and account for any efficiencies not related to the four typical factors. A. C. Payments will not be enough to retire the loan. a. the water rights reserved by a previous owner 19- Which of the following is not an advantage of hosting an open house? A personal vehicle used to transport family is not considered a capital good, but a commercial vehicle used expressly for official purposes is. B. The purchase price, plus improvements The selling agent must provide the disclosure to the seller as soon as practicable prior to presenting a purchase offer. The cost of purchase of inventory does not include a. 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. What is the meaning of T(12)?T^{\prime}(12) ?T(12)? 74- Which statement is not true about an agency relationship? The date Abby receives the good faith estimate. C. Allow indoor pets to leave their designated area. 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. 93- Jim has created a nice property flier for the James home. 3- A property manager can refuse to rent to applicant Mike for any of the following reasons except which? This is an example of. What kind of closing technique is Jim using? "Sustaining Chinas Economic Growth After the Global Financial Crisis," Pages 1-2. International Federation of Robotics. 45- Kirk wants to get an FHA loan. The modern definition of factors of production is primarily derived from a neoclassical view of economics. 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? Deforestation: Facts, causes & effects | Live Science To that end, technologylike moneyis a facilitator of the factors of production. a. an identification of the grantor and grantee D. Their lender can profit from the difference in interest rates. The borrower makes payments of interest only over the term of the loan. a. metes and bounds Land and legal Descriptions Flashcards | Quizlet C. Parks. What is the purpose of a states statute of frauds? (95, 93, 120, 94, 93, 129). Real Estate includes all of the following except: Property rights. f(z)=z3z2+2z+2f(z)=\frac{z-3}{z^{2}+2 z+2}f(z)=z2+2z+2z3. Which entity is responsible for monitoring state appraiser licensing and certification agencies? This is further explained below. Along the same lines, desks and chairs used in an office are also capital. Factors of production is an economic term that describes the inputs used in the productionof goods or services to make an economic profit. depletion of fossil fuels C. The court has ordered the transfer of Sally Greens home to her friend Penny Jacobs as part of the settlement of Sallys estate. antibiotic application . a. putting more land into production b. increasing the yield of land under cultivation. 4 Factors of Production Explained With Examples - Investopedia A Bill of Sale gives title to the business equipment. These claims are overblown, but soil erosion is a problem and we can do something about it. How many acres are there is the described property? A. I will complete the GRI certification in the next four years. Values increased in that area by 5% the first year and 7% the second year. California: Real Estate Practice Sample of Final Course Exam, Answers will be revealed with the correct subscription. Challenges facing U.S. agriculture include all of the following except decline in prime farmland decline in numbers of domesticated plant varieties addressing habitat fragmentation improving crop and livestock yields 92- Which of the following situations is not exempt from the seller disclosure requirement? What property type will he be dealing with? 25- According to the law governing mortgage loan brokers, what is the maximum commission Broker Claire can charge for securing a $50,000 first mortgage for a period of 2 years? Electronic Data Interchange for transmitting appraisal reports became popular in the (date). What is the area of the ranch? 87- What information can you gather from the newspaper to help develop a Prospecting Plan? They will owe a balloon payment at the end of the loan term. Which method of land description would describe an irregular piece of property? Which of the following statements is true? A Fannie Mae. A. \text{T} & \text{48} & \text{46} & \text{51} & \text{57} & \text{62} & \text{68} & \text{71}\\ Inventory (increase). 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 e statement and outline the possible factors that could determine the contextual Variations in the manifestation of entrepreneurship. Proceeds from issuance of stock. The greater a firm's or country's TFP, the greater its growth. a. redemption Agricultural land is typically land devoted to agriculture, [1] the systematic and controlled use of other forms of life particularly the rearing of livestock and production of crops to produce food for humans. She sold the property and several months later the buyer sued Pam for not disclosing the problem. 62- When agent Hal shows a home he should never: A. In the 1970s, who developed uniform rules for mortgage underwriting? The factors of production are land, labor, capital, and entrepreneurship. 21- Which form of advertising is considered the most cost-effective method for selling a home? a. easement Sustainable agriculture encourages the use of antibiotics to prevent disease. a. a radon level test 64- Which of the following is not a form of personal advertising? 34- Sarah is an employee and Ken is an independent contractor at Kerns Realty. c. 8.4 Skilled and trained workers are called human capital and are paid higher wages because they bring more than their physical capacity to the task. Depreciation. sewers; crops; buildings; roads b. Agricultural Land Includes All of the Following Except Which What test would determine the ground's ability to absorb water? What kind of mortgage are they looking for? Deforestation is the permanent removal of trees to make room for something besides forest. This analysis can only be applied if there are no existing improvements. C. If the selling agent does not deal directly with the seller, the selling agent is not required to provide the disclosure. A. A. For modern mainstream (neoclassical) economists, capital is the primary driver of value. This topic page can be cited as: All visualizations, data, and code produced by Our World in Data are completely open access under the Creative Commons BY license. yields at a global level following the pattern established over the past five decades will not be sufficient to meet food needs. 6- According to California real estate law, how often must a broker balance his or her trust accounts? D. The UCC is a body of law that standardizes a number of business practices. She is probably using all but which of the following tools? You apply for a mortgage. We also reference original research from other reputable publishers where appropriate. c. an easement b. a parcel of land is 1/8 mile by 1/8 mile is 40 acres. Agricultural land includes all of the following EXCEPT which? Image by Sabrina Jiang Investopedia2020, Absorption Costing Explained, With Pros and Cons and Example, What Is an Amortization Schedule? b. accretion 101- Which type of loan typically carries the most loan points? b. the boundaries of the property The listing agent must provide the disclosure to the seller prior to securing the listing agreement. 37- When dealing with the sale of a business, which is not a true statement? Her broker has asked her to be available for tasks in the field rather than in the office. Land has a broad definition as a factor of production and can take on various forms, from agricultural land to commercial real estate to the resources available from a particular piece of land. What is Erosion? Effects of Soil Erosion and Land Degradation closed in the operating activities (O), investing activities (I), or financing activities (F) section of the statement or use (NA) if the item does not appear on the statement. 1.7107M/s. -pesticides show mobility, moving other than where they were applied inadvertently killing non-pest organisms. 51- Which statement is true about a homeowners exemption? Land, labor, and capital as factors of production were originally identified by early political economists such as Adam Smith, David Ricardo, and Karl Marx. It must be in writing to be enforceable. (b) 3.31011m3.3\times10^{-11}\;\mathrm{m}3.31011m The home comes equipped with all furnishings. Practice Questions with no Answers for Preview, >Ch16-18 R.E. 42- Alice is planning her career and setting her goals. It can be considered an employment contract. Which form of legal land description describes a parcel by enclosing it? B. 4 Factors of Production Explained With Examples, Fiscal Year: What It Is and Advantages Over Calendar Year, How a General Ledger Works With Double-Entry Accounting Along With Examples, Just-in-Time (JIT): Definition, Example, and Pros & Cons, Net Operating Loss (NOL): Definition and Carryforward Rules, NRV: What Net Realizable Value Is and a Formula To Calculate It, No-Shop Clause: Meaning, Examples and Exceptions, Operating Costs Definition: Formula, Types, and Real-World Examples, Operating Profit: How to Calculate, What It Tells You, Example, Production Costs: What They Are and How to Calculate Them, What Is a Pro Forma Invoice? Chapter 1 - Real Property and the Law Flashcards Preview - Brainscape D. Understanding characteristics of the rental market. Which of the following statements is true? Agricultural Leases Overview - National Agricultural Law Center AP HUG Agriculture 2018 questions & answers for quizzes and tests - Quizizz b. 20- Which of the following would not be an essential component when researching the purchase of an apartment building? d. a showing of the property's boundaries to scale, a. an identification of the grantor and grantee, 27. d. 2.5, 28. What will the new owners pay in property taxes? Deforestation can include clearing the land for farming or livestock, or using the timber for fuel . 55- Greg is approved for a Cal-Vet loan. In zoning, the distance from the street to the front of a house is called: What did it sell for per acre? Negotiate agreements regarding commission structuring. Claims that the world has only 100, 60, or even 30 years of harvests left often hit the headlines. 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. Another example of entrepreneurship is Starbucks Corporation (SBUX). 27- Mr. and Mrs. Haley are purchasing beachfront property in an upscale development. A lot measures 178 feet by 464 feet. Course Review Quiz Flashcards by Taylor Shimp | Brainscape A. (d) 1.81019m1.8\times10^{-19}\;\mathrm{m}1.81019m Chapter 1 Flashcards | Chegg.com What should Alice do? A. The lender in case of the borrowers death, C. The lender against delinquent payments, D. The lender in case of the borrowers default. A developer of a shopping center buys three adjoining lots for $124,000, $75,000 and $111,000 creating a single parcel worth $420,000. b. a parcel of land is 1/8 mile by 1/8 mile is 40 acres. 57- Under federal income tax law, the basis for a personal residence is which of the following: A. Fannie Mae FDIC OCC FRB. d. metes and bounds, 17. Labor refers to the effort expended by an individual to bring a product or service to the market. A basis of $145,000 and a taxable gain of $3,000, C. A basis of $130,000 and a table gain of $18,000. 90- Marsha has been keeping track of the effectiveness of her advertising campaigns. 78- Nancy bought her home last year for $425,000. D) grading, filling, draining, and clearing costs. Which statement is true? 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. A. Generates leads for new listings. It does not include land that is predominantly under agricultural or urban land use. Which of the following items can Matt not add to the original cost when doing the computation? A. high income countries Import duties and taxes c. Freight, handling and other costs directly attributable to the acquisition of goods d. Trade discounts, rebates and other similar items. Which type of pesticide has fewer deleterious environmental effects? b. D. Brenda has not violated any fiduciary duty. B. disease-resistant crop varieties 88- Sally and Dan must pay 2 points on their new $65,000 loan. This is further explained below. 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. At the end of the term, the loan balance will be negative. this analysis can only be applied if there are no existing improvements. 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. C. Mike has been late with his rent payments seven times in the past year, D. He had a serious physical altercation with his downstairs neighbor. The cash rent lease and the crop-share lease are the two most frequently used land leases in agriculture. How to Calculate with Formula, Average Collection Period Formula, How It Works, Example, Bill of Lading: Meaning, Types, Example, and Purpose, What Is a Cash Book? d. lots and blocks, 16. For income tax purposes, the IRS would probably classify Patrick as: 32- Broker Alice has a listing agreement with Jack. c. front footage 1. Other grazing lands include woodlands, native pastures, and croplands producing forages. C. Exclusive-authorization-and-right-to-sell. d. private mortgage insurance, 26. if a property owner had a land survey done on his property it would include all of the following EXCEPT: It sold for $80,000. 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. 9- Which California Fair Housing Law Prohibits discrimination based on sexual orientation of source of income? 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. C. I will open my own office within nine years. These include any resource needed for the creation of a good or service. a. seller Which form of legal land description uses measures of definite distances in indicated directions? All of the following could be participants in a real property market except: In analyzing real estate purchase contract, you should be able to find all of the following items except. Twenty years ago, most appraisal reports that were sent electronically were sent using _____ technology; today, most appraisals are sent electronically using a _______ format. 7. 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. 53- Greg sold an apartment building he owned for 20 years. 86- Which of the following is not considered a benefit of investing in real estate? d. 640 acres, 38. A. Capital also follows a similar model in that it can be owned or leased from another party. c. lot, block, and subdivision Both types of leases involve different forms of a definite rental rate. In the chart here we see a global map of land used for arable agriculture (as a share of total land area). The continued popularity of the product meant that Zuckerberg also had to scale technology and operations. How would Grants lease at this time be classified? D. The selling agent must provide the disclosure to the buyer as soon as practicable prior to the execution of the buyers offer to purchase. Goodwill is an intangible asset that results from the reputation of the business. The European state model includes all of the following except: A. a clearly and legally defined territory B. a population governed from a capital city C. a representative government D. a high level of urbanization 2. 83- Matt is computing the adjusted cost basis of his apartment building for income tax purposes. The length of the front of a lot on the street is referred to as the lot's:
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