Ch 15 Quizzes

Question 1

__ is used by a developer to replace excavated soil.

Answer 1

Backfill

Backfill is used to fill in holes or trenches, often against foundation walls.

Question 2

The ___ plan shows details of the foundation construction, such as the location and size of walls and piers.

Answer 2

Foundation

A foundation plan maps the walls and piers that form the foundation

Question 3

The ____ is bolted to the foundation; the house’s frame rests upon it.

Answer 3

Sill plate

Question 4

A ___ is a parallel member that supports the load of a ceiling or floor in a wood frame house.

Answer 4

joist

Joists are parallels used to support floor and ceiling loads.

Question 5

The ___ plan shows an entire plot, including the contours of the land and the location of any buildings.

Answer 5

site plan

A site plan shows the location of buildings and the contours of the land

Question 6

This vertical member comprises part of the house’s wall

Answer 6

stud

Studs are supported by the subfloor, and give support to the ceiling joists

Question 7

These are strips of sheet metal used around the base of a chimney to prevent water leakage.

Answer 7

Flashing

Flashing is metal used around the base of a chimney

Question 8

Electrical wiring is run through this type of metal or plastic tubing for fire protection.

Answer 8

Conduit

Electrical cables are run through conduit for fire protection.

Question 9

The ease with which an asset may be converted into cash is referred to as its _______________.

Answer 9

Liquidity

Question 10

The use of borrowed capital to finance the purchase of real estate or other assets is called _______________.

Answer 10

Leverage

Question 11

A _______________ is a technique used by property owners as a means of raising capital.

Answer 11

Sale-leaseback

Question 12

The _______________ is that sum of money generated from an income-producing property after all operating expenses and mortgage payments (including principal and interest) have been made.

Answer 12

Cash flow

Question 13

The excess of a property’s fair market value over the owner’s outstanding debts against the property is known as the _______________.

Answer 13

Equity

Question 14

The rate of return on the initial equity, based on the cash flow of the property, is known as the _______________ return.

Answer 14

Cash on cash

Question 15

Any increase in the value of an asset, either due to inflation or rising demand, is known as _______________.

Answer 15

Appreciation

Question 16

The _______________ of an investment will tend to decrease as its liquidity and safety increase.

Answer 16

Yield