answer key Ch.2
which one of the following would be one of the more indirect government actions to influence the economy?
closure of defense facilities
the residential rental market corresponds roughly to
cycles in multifamily housing starts
Which of the following best describes a market?
exchange of goods between buyers and sellers
the four phases of the business cycle are
expansion, recession, contraction, revival
the financial and operational strategy for the ongoing management of a property is the
management plan
a property manager can measure economic trends through all the following EXCEPT
operating budget
Which of the following is the first step in the management plan?
prepare an operating budget
long-term movements in the real estate industry may be _____ those in the general economy
shorter than
If a property manager wants to find out if occupancy levels for a given type of property are rising or falling, he or she should
survey comparable properties
more available units than tenants indicates
technical oversupply