FUNDAMENTALS OF REA Flashcards by Wendell Tan

It is the amount by which the value of controlling interests exceeds the value of a non-controlling interests in a business enterprise it is know as

a. Asset investment
b. Carrying amount
c. Working capital
d. Control premium

d. Control premium

How well did you know this?

Not at all

Perfectly

Which of the following statements applies to corner influence?

a. Corner sites are preferable to interior properties
b. Corner sites have a higher value per sqm than other sites
c. Corner sites have greater utility than other sites
d. Corner influence tables can be used to determine how a corner site affects the property’s value

b. Corner sites have a higher value per sqm than other sites

How well did you know this?

Not at all

Perfectly

An objective kind of values that can be estimated for items and a property bought and sold in the market is called

a. Estimated value
b. Value in change
c. Salvage value
d. Zonal value

b. Value in change

How well did you know this?

Not at all

Perfectly

The approach to value would involve an investigation into the rent schedules of the subject property and the comparables

a. Cost approach
b. Sales comparison approach
c. Market data approach
d. Income approach

d. Income approach

How well did you know this?

Not at all

Perfectly

The form of deed used to return title to property owner when the debt secured by a deed of trust is paid in full is the

a. Reconveyance deed
b. Deed of donation
c. Contract to sell
d. Quit claim

a. Reconveyance deed

How well did you know this?

Not at all

Perfectly

Zoning is an example of, what power of the government?

a. Escheat power
b. Eminent domain
c. Expropriation
d. Police power

d. Police power

How well did you know this?

Not at all

Perfectly

Important reference material that maybe available from Assessors Office is

a. Vicinity map
b. Location map
c. Geographic map
d. Parcelliary map

d. Parcelliary map

How well did you know this?

Not at all

Perfectly

Refers to a lot with direct access to any street or highway

a. Key lot
b. Landlocked lot
c. Corner lot
d. Cul-de-sac

a. Key lot

How well did you know this?

Not at all

Perfectly

Refers to the right of the property owner to everything produced there by or which is incorporated or attached, either naturally or artificially.

a. Attachment
b. Adhesion
c. Occupation
d. Accession

d. Accession

How well did you know this?

Not at all

Perfectly

Amount that could be realized from sale of a dismantled asset to be removed for used wholly or partially.

a. Scrap value
b. Salvage value
c. Sound value
d. Liquidation value

a. Scrap value

How well did you know this?

Not at all

Perfectly

Amount that would be realized from disposition of the property in the used market assuming a relative short period of time.

a. Liquidation value
b. Scarp value
c. Salvage value
d. Sound value

a. Liquidation value

How well did you know this?

Not at all

Perfectly

Appraisal for the price that a property would sale based on quick sales.

a. Scrap value
b. Market value
c. Sound value
d. Liquidation value

c. Sound value

How well did you know this?

Not at all

Perfectly

Which of the following approaches to value would involve an investigation of the rent schedules of the subject property and the comparables?

a. Cost approach
b. Income approach
c. Market data approach
d. Capitalization approach

b. Income approach

How well did you know this?

Not at all

Perfectly

The method of construction cost or reproduction cost estimating is

a. Cost method
b. Appraisal method
c. Straight-line method
d. Quantity survey method or volume method or area method

d. Quantity survey method or volume method or area method

How well did you know this?

Not at all

Perfectly

There is an important technical difference between the terms reproduction cost and replacement cost. Replacement cost refers to the cost of
constructing a building that

a. Would have opposite utility to the subject property
b. Would have utility subject property
c. Would have similar utility to the subject property
d. Would have replacement to the subject property

c. Would have similar utility to the subject property

How well did you know this?

Not at all

Perfectly

There is a theory that all structures have a total useful life that can be predicted. The method estimating accrued depreciation based on this theory is called

a. Volume method
b. Cost-to-cure-method
c. Straight-line-method
d. Quantity survey method

c. Straight-line-method

How well did you know this?

Not at all

Perfectly

The direct sales comparison approach is based primarily on or relies on the

a. Principle of consistency
b. Principle of substitution
c. Principle of change
d. Principle of conformity

b. Principle of substitution

How well did you know this?

Not at all

Perfectly

The cost of improvements identical utility or exact replica to the subject property is called

a. Reproduction cost
b. Replacement cost
c. Original cost
d. Sales cost

a. Reproduction cost

How well did you know this?

Not at all

Perfectly

Effective/Actual age is

a. Total economic life minus actual age
b. Total economic life minus effective age
c. Total utility minus diminished utility
d. Actual age adjusted for obsolescence

d. Actual age adjusted for obsolescence

How well did you know this?

Not at all

Perfectly

Accrued depreciation is

a. Proportional with the passage of time
b. A reproduction in a price
c. A future loss in value
d. A loss in utility

a. Proportional with the passage of time

How well did you know this?

Not at all

Perfectly

An estimate derived from observing completed transaction involving a large degree of amenities or other personal and unpredictable factors is called

a. Cost value
b. Market value
c. Caprice value
d. Zonal value

c. Caprice value

How well did you know this?

Not at all

Perfectly

Market value is based on

a. Most probable value
b. Insurable value
c. Sentimental value
d. Value in use

a. Most probable value

How well did you know this?

Not at all

Perfectly

The appraisal process requires the appraiser to collect, record and verify

a. Data on the subject property’s neighborhood only
b. Data on all neighborhood in the city
c. General data on the region, city and neighborhood
d. Data on an annual basis

c. General data on the region, city and neighborhood

How well did you know this?

Not at all

Perfectly

The process of identifying and analyzing sub-markets of a larger market is known as

a. Market analysis
b. Market substitution
c. Market segmentation
d. Market distribution

c. Market segmentation

How well did you know this?

Not at all

Perfectly

Why is the gross income multiplier normally not subject to adjustments by the appraiser? It is because a. Relative disability is presumed to be reflected in the gross income generated in the market place b. It is impossible to make adjustments when using the income data c. Any differences between properties would be significant d. The income approach never allows for adjustments for any kind

a. Relative disability is presumed to be reflected in the gross income generated in the market place

All the factors being equal, as the location of an income property becomes less desirable, the cap rate use will be a. Lower b. Less reliable c. Less desirable d. Higher

d. Higher

For the purpose of estimating vacancy rates in an appraisal engagement, which of the following statements is correct to estimate the value of a free simple state? a. The vacancy rate used in an appraisal should reflect the typical vacancy rate for comparable properties b. Project that are being the highest and the best use of the site normally would have no vacancy c. The vacancy rate should always be zero d. The vacancy rate should never be zero

a. The vacancy rate used in an appraisal should reflect the typical vacancy rate for comparable properties

The principle of substitution implies that the value of a property trends to be indicated by value of an equally desirable property. a. Comparable b. Appraised c. Replaceable d. Anticipation

c. Replaceable

In appraisal, which of the following would NOT be considered in the market data approach? a. Sales price of comparable properties b. Terms of sale of comparable properties c. Acquisition cost to present owner of the subject d. Location of each comparable property

c. Acquisition cost to present owner of the subject

Which of the following statements applies the best to a property with a non-conforming use? a. The existing conforming use in the highest and best use b. A non-conforming is used likely to arise from changes in zoning c. In the sales comparison approach, an appraiser does not have to make a separate adjustment for the non-conforming use d. A conforming use property may be under improved but cannot be over improve

b. A non-conforming is used likely to arise from changes in zoning

The value of real state is determined in the market mainly by its a. Price b. Size c. Productivity d. Mortgage

c. Productivity

Primary data refers to a. The main data used by the appraiser b. Data collected by the appraiser c. Data that have a direct impact on value d. Data published by a reliable source

b. Data collected by the appraiser

Applicant for the licensure examination for real state service shall file the following documents except: a. Birth certificate(NSO) or valid Philippine passport, or any proof of citizenship b. Transcript of record and/or diploma with scanned picture; notarized certification by employer of his/her year of experience or prerequisite certification of registration(COR) and/or Professional Identification card(PIC) or DTI license( for real estate consultant) c. NBI clearance; duly notarized accredited seminar and/or training certificate; community tax certificate d. 4 colored passport size picture with light background and complete name tag

d. 4 colored passport size picture with light background and complete name tag

Per 30 sec of IRR RESA, all positions in government requiring the services of registered license real estate service practitioners within __ years from effectivity shall be filled only by registered and licensed real estate service practitioners. a. 1year b. 3 years c. 2 years d. 4 years

b. 3 years

Under PRBRES Circular#2011-04, series of 2011 signed last January 20, 2011, the applicants for licensure examination shall be required to undertake trainings and seminars, except a. 60hours lecture, classroom and/or seminar hours on real estate subjects and/or modules for applicant to the board exam from an accredited service provider b. May submit only the 60 hours of training service provider c. 60 hours of on-the-job training, apprenticeship and/or consultants with at least 5 years of real estate practice, developer in good standing with HLURB; provincial city and municipal assessor and government appraiser; accredited service d. May opt to take the full 120 hours thru seminars, training, and workshops

b. May submit only the 60 hours of training service provider

No partnership or corporation shall engage in the business of real estate service unless it is duly registered with the sec and the persons authorized to act for the partnership or corporation are all __ real estate brokers, appraisers or consultants as the case may be. a. Registered and licensed b. Registered c. Recorded and listed d. Registered and listed

a. Registered and licensed

Under sec. 32 the partnership or corporation shall regularly submit the list of its real estate service practitioners to the PRC and SEC as part of its___ reportorial requirements. a. Monthly b. Annual c. Quarterly d. bi-Monthly

b. Annual

A plot of land already prepared for underlying a structure or development is referred as a. Site b. Subdivision c. Lot d. Land

a. Site

The term economic base analysis can be describe as a. Analysis of the economic activity of a community that allowed it to attract income from outside its boundaries b. Analysis of populations trends in a community c. Compilation demographic data from comparable areas d. Analysis of how interests rates will affect the base rent on a property

a. Analysis of the economic activity of a community that allowed it to attract income from outside its boundaries

There are various types of appraisal report, which of the following is the final step of the appraisal process? a. Narrative report b. Form report c. Bank from report d. Letter of opinion

d. Letter of opinion

For an appraiser to value a property using the sales comparison approach, which of the following type of market would best provide confidence and reliability? a. Seller’s market b. Inactive market c. Buyer’s market d. Active market

d. Active market

The term leasehold estate refers to the rights of a. The owner of the property that has been leased b. The tenant who leased property c. The owner of a property that is not currently leased d. The trustee who holds the lease

b. The tenant who leased property

Which of the following statements applies to a corner influence? a. Corner site have a higher value than other site b. Corner site are preferable to interior property c. Corner site have greater utility than other sites d. Corner site is an adjoining of lots of two lots

a. Corner site have a higher value than other site

What rental units of comparison is of primary importance of appraising office buildings with multiple tenants? a. Rent per room per year b. Rent per floor per year c. Rent for sqm. of net rentable area per year d. Rent per building

c. Rent for sqm. of net rentable area per year

The amount of money the property would command under current market conditions which can be different from contract rent because this is the amount of the property would command ignoring the leases. a. Market rent b. Effective rent c. Contract rent d. Percentage rent

a. Market rent

Refers to materials, labor, fees and charges in builder’s contract a. Replacement cost b. Unit is place costs c. Reproduction cost d. Direct costs

d. Direct costs

These costs are incurred in the building construction, but not typically included the builder’s contract. a. Replacement cost b. Indirect cost c. Reproduction cost d. Direct cost

b. Indirect cost

The amount of money in a lease contact that exceeds the market rent a. Market rent b. Effective rent c. Contract rent d. Percentage rent

b. Effective rent

This is the annual yield rate or return on capital that is generated within and investment portfolio over a period of ownership a. Overall capitalization rate b. Discount rate c. Yield rate d. Internal rate of return

d. Internal rate of return

The Philippine total land area is distributed as follows a. 40% forestland; 40% alienable lands; 20% private lands b. 30% forestland; 30% public lands; 40% private lands c. 50% forestland; 47% alienable; 3% unclassified lands d. 20% forestlands; 20% alienable; 30% public lands; 30% private lands

c. 50% forestland; 47% alienable; 3% unclassified lands

Refers to the classification of properties according to its use – a. residential, industrial, commercial, b. present property and future property agricultural, special c. agriculture, forest park or timber, mineral and parks d. public domain and private ownership

a. residential, industrial, commercial,

The following does not represent the economics characteristics of real estate, except – a. scarcity, improvements, permanence of investment and area preference b. land is immobile, indestructible, land is unique c. land is scars and limited, land is unique and immobile d. scarcity, availability of land, uniqueness of land

a. scarcity, improvements, permanence of investment and area preference

Cost approach is often given more weight in the appraiser should – a. an old or obsolete buildings b. single family houses more than 10 years old c. new buildings or special-use buildings d. commercial and industrial properties

c. new buildings or special-use buildings

in reconciliation and conclusion of value, the appraiser should – a. describe the relevance of each value b. provide arguments to justify his or her final approach explored conclusion of value c. discuss the reliability of the data used d. do all of the above

d. do all of the above

It is the study of human use and understanding of the world, the spatial and organized of human activity and its interrelationships with the physical government – a. geography b. physical geography c. human geology d. human and physical geography

b. physical geography (check)

Neighborhood social influences includes all of the following, except – a. occupant age levels b. vacancy rates c. occupant skills levels d. population density

c. occupant skills levels (CHECK)

An independent entity engaged by a REIT to value its real estate – a. property appraiser b. property valuer c. appraiser d. assets valuer

b. property valuer

In matters of integrity, a Valuer/Appraiser must – a. at all times maintain a high standard of honesty and integrity and conduct their activities in a manner not detrimental to their clients the public, their professional or their respective nation professional valuation/ appraise b. at all times deal with clients affair with proper discretion and confidentiality c. perform an assignment with the strictest independence, objectivity, and impartiality without accommodation d. not act in manner that is misleading or fraudulent

a. at all times maintain a high standard of honesty and integrity and conduct their activities in a manner not detrimental to their clients the public, their professional or their respective nation professional valuation/ appraise

In matters of confidentiality, a valuer must- a. at all times maintain a high standard of honesty and integrity and conduct their activities in a manner not detrimental to their clients the public, their professional or their respective nation professional valuation/ appraise b. at all times deal with clients affair with proper discretion and confidentiality c. perform an assignment with the strictest independence, objectivity, and impartiality without accommodation d. not act in manner that is misleading or fraudulent

b. at all times deal with clients affair with proper discretion and confidentiality

It refers to the study of the earths surface including people’s responses to topography and climate as well as the soil, vegetation, distribution and interaction of the difference phenomena on earth – a. demographics b. biodiversity c. ecology d. geography

d. geography

The Greek word “geopraphia” which means – a. earth surface b. earth description c. earth atmosphere d. earth innerphere

b. earth description

In sale of real property, deferred payment means the: a. initial payment in a particular year exceeds 30% of the selling price b. initial payment in a particular year exceeds 25% of the selling price c. initial payment in a particular year exceeds 35% of the selling price d. initial payment in a particular year exceeds 40% of the selling price

b. initial payment in a particular year exceeds 25% of the selling price

Particular student is a stockholder who is, directly or indirectly, the beneficial owner of ______ of any class investor securities of the REIT – a. more than 25% b. more than 20% c. more than 15% d. more than 10%

d. more than 10%

It deals with the natural features of the earth – a. Geography b. Physical geography c. Human Geography d. Physical Geography and human geography

b. Physical geography

An appraisal may include a. Property description, opinion of personal condition, opinion of market value b. property claims, opinion of property condition, opinion of market value c. property description, opinion of property condition, opinion of market value d. property description, opinion of property condition, opinion of market situation

c. property description, opinion of property condition, opinion of market value

Valuer’s comply with a valuation standard either by; a. requirement placed upon them by law and regulation and choice only b. requirement placed upon them by law or instructions of clients, intended users, and/or experience only. c. requirements placed upon them by law or regulations, choice, instructions, of clients intended users, and/or nation societies or organizations or experience. d. requirements placed upon them choice, instructions of clients, intended users, and/or national societies or organization or experience only

c. requirements placed upon them by law or regulations, choice, instructions, of clients intended users, and/or nation societies or organizations or experience

Refers to the study of the relationship between human being relative to their physical environment and cultural behaviors. a. biogeography b. geomorphology c. human geography d. ecology

d. ecology

Refers to the redistribution of lands, regardless of crops or fruits produced, to farmers and regular farm workers who are landless, irrespective of tenurial arrangement, to include the totality of factors and support service designed to lift the economic status of the beneficiaries and all other arrangements alternative to the physical redistribution of lands, such us production or profit-sharing, labor administration and the distribution of shares of stock which will allow beneficiaries to receive a just share of fruits of the lands they work. a. social justice b. agrarian reform c. program beneficiaries development d. land tenure improvement

b. agrarian reform

Refer to the study in understanding the physical effects of adding greenhouse gases to the atmospheres radiation balance – a. biogeography and oceanography b. geomorphology and pedogenesis c. geomorphology and hydrology d. climatology and meteorology

d. climatology and meteorology

It gives emphasis to the study of man’s imprints upon earth, such as the distribution of population, various settlement patterns and the features resulting from man’s productive activities in earning and living fall within this division. a. biogeography b. geomorphology c. human geography d. ecology

c. human geography

The sales comparison approach relies on the principles of a. principle of substitution b. principle of supply and demand c. principle of anticipation d. principle of highest and best use

a. principle of substitution

Most residential appraisals are based – a. leased fee b. fee simple ownership c. leasehold interest d. co-ownership interest

b. fee simple ownership

A church in a residential area is an example of – a. a nonconforming use b. police power c. forecast absorption d. private restriction

a. a nonconforming use

It deals with the study of the distribution of cultural traits such as customs, traditions, taboos, religions, dialects and dwelling. a. cultural geography b. geomorphology c. human geography d. ecology

a. cultural geography

Referred to as the “Citizenship Retention and Re-acquisition Act of 2003” allowing dual citizens. a. Republic act 6225 b. Republic act 9255 c. Republic Act 9225 d. Republic act 9252

c. Republic Act 9225

It deals with the study of the numbers and distribution of the people and also related to demography, the statistical study of population. a. cultural geography b. population geography c. human geography d. ecology

b. population geography

Ms. Clara is married to Mr. Claro, she stated her marital status and the name of her husband in Absolute deed of sale, such information is requirement under – a. RA 9225 b. PD 957 c. PD 1529 d. BP 185

c. PD 1529

Refers to the study of the widely varying economic condition across the earth – a. cultural geography b. population geography c. human geography d. economic geography

d. economic geography

It deals with the study of the relationship between political units such as provinces or states nation or union of nations – a. political geography b. population geography c. human geography d. economic geography

a. political geography

Refers to the study of cities with the important roles cities play in the life of a nation – a. political geography b. urban geography c. human geography d. economic geography

b. urban geography

Refers to a shareholder of a REIT other than the non-public shareholders – a. public shareholders b. investor c. shareholder d. sponsor

a. public shareholders

Is the systematic study of origin, distribution and significance of the major physical features of the earth such us land forms, climates, topography, oceans, geographic, arrangement of people and natural resources and numerous other relationship to one another – a. human geography b. physiology c. physical geography d. philology and ecology

c. physical geography

In matters of disclosure, it is essential that valuers/appraisers develop and communication their analyses, opinions and conclusion to users of their services thru – a. financial reports that are meaningful and not misleading and that disclose anything that might be taken to affect objectivity b. report that are misleading and that disclose anything that might be taken to affect objectivity c. appraisal reports that are meaningful and not misleading and that disclose anything that might be taken to affect objectivity d. appraisal report that are meaningful and not misleading and that disregard anything that might be taken to affect objectivity

c. appraisal reports that are meaningful and not misleading and that disclose anything that might be taken to affect objectivity

The Philippine / International Valuation Standard (IVS) – a. does not have any formal authority in law or is intended to be just complementary to the rules, by law and regulation of national associations controlling or monitoring the activities of the valuers b. does not have any formal authority in law is intended to be just complementary to the rules, by laws and regulations of nation associations controlling or monitoring the activities of the valuers c. does not have any formal authority in law is intended to be just complementary to the rules, by laws and regulations of national associations d. controlling and monitoring the activities of the valuers

b. does not have any formal authority in law is intended to be just complementary to the rules, by laws and regulations of nation associations controlling or monitoring the activities of the valuers (check)

Refers to the monthly payment made by a buyer an installment basis – a. amortization b. option payment c. monthly payment d. monthly amortization

d. monthly amortization

Refers to a professional administrator of real properties who is engaged by the REIT to provide the property management services. a. Property Consultant b. Property Manager c. Property specialist d. Property Marketing consultant

b. Property Manager

It analyzes differences and similarities in climate from place. It considers wind movement, cloud formation, temperature changes and precipitation of all kind. a. Biogeography b. Physiology c. Geomorphology d. Climatology

d. Climatology

Refers to any person who is acting alone or in conjunction with one or more other persons, directly or indirectly, contributes cash or property in establishing a REIT. a. public shareholders b. investor c. geomorphology d. climatology

a. public shareholders

The sponsor/promoter of the REIT refers to the following except: a. a director, principal officer or principal stockholders of the sponsor/promoter of the REIT b. a investor or principal stockholder of the REIT c. an associate of a director, principal officer or principal stockholder of the REIT or its sponsor/promoter d. a related corporation to the REIT or its sponsor/promoter

b. a investor or principal stockholder of the REIT

The cost of installing an air conditioner system in an office building is justified only if the rental increase that can expected as a result of the installation exceeds the amount spent a. principle of substitution b. principle of progression c. principle of regression d. principle of contribution

d. principle of contribution

It refers to the study of land and water forms as well as the development of irregularities in the surface of the earth like; glaciations, river floodplains, underground caves, shorelines, coral reefs, sand dunes, volcanic features and the erosion cycle. a. biogeography b. physiology c. geomorphology d. climatology

c. geomorphology

The effectivity of RA#6657 or the comprehensive Agrarian Law - a. June 10, 1988 b. June 15, 1988 c. June 20, 1988 d. June 5, 1988

b. June 15, 1988

Vacancy and collection losses are deducted from gross income using- a. Environmental science b. Human Geography c. Economic Geography d. Ecology

c. Economic Geography

It covers all the science including ecology, geology and climatory or phenology that deals with the environment – a. Environmental Science b. Human Geography c. Ecology d. Genecology

a. Environmental Science

It is a scientific study of population characteristics – a. Geography b. Demography c. Ecology d. Genecology

b. Demography

In many down town areas, parking areas making more profits than older office buildings. The applicable economic principle is? a. Principle of substitution b. Principle of supply and demand c. Principle of anticipation d. Principle of highest and best use

d. Principle of highest and best use

A program has been announced for a multi-million-peso shopping mall to be constructed in to vacant lot you own property values in the area of the proposed site will tend to increase as a result of this announcement. The applicable economic principle is? a. Principle of substitution b. Principle of progression c. Principle of anticipation d. Principle of regression

c. Principle of anticipation

It refers to the elements of geography a. psychology and human geography b. physical geography c. physical geography and human geography d. geography and ecology

c. physical geography and human geography

It is the degree of variation of life forms within a given ecosystem, biome or an entire planet; it is the measure of health of an ecosystem – a. Biodiversity b. Ecology c. Demography d. Geography

a. Biodiversity

Cash Advances granted to officers and employees which may be classified into: a. Regular cash advance b. Special cash advances c. Optional cash advances d. A and B only e. B and C only

d. A and B only

Cash Advances granted to cashiers, disbursing officers, paymasters and/or property/supply officers for salaries and wages, commutable allowances, honoraria and other similar payments and petty cash operating expenses the explicit authority. a. Regular cash advance b. Special cash advances c. Optional cash advances d. Specific cash advances e. NOTA

a. Regular cash advance

Cash Advances granted on the explicit authority of the agency heads to duly designated disbursing officers or employees for other legally authorized purposes. a. Regular cash advance b. Special cash advances c. Optional cash advances d. Specific cash advances e. NOTA

b. Special cash advances

Peddlers shall be taxed at a rate 1. not exceeding Fifty Pesos (₱50.00) per peddler annually. 2. not exceeding Fifty Pesos (₱50.00) per peddler quarterly. 3. Sixty Pesos (₱60.00) per peddler annually. 4. not exceeding Fifty Pesos (₱50.00) per peddler monthly. 5. NOTA

1. not exceeding Fifty Pesos (₱50.00) per peddler annually

May levy an amusement tax i. Province ii. Municipal iii. City. iv. Barangay a. i and ii only b. i, ii, ii and iv c. i and iii d. ii and iii

c. i and iii

A _____________ shall be issued to every person or corporation upon payment of the community tax. a. Community tax certificate b. Certificate of Title c. Tax Declaration d. Birth certificate e. NOTA

a. Community tax certificate

The Province may impose the following taxes except. a. Tax on Transfer of Real Property Ownership b. Tax on Business of Printing and Publication c. Franchise Tax d. Tax on Sand, Gravel and Other Quarry Resources e. Capital Gain Tax

e. Capital Gain Tax

Is a levy on real property determined on the basis of a fixed proportion of the value of the property. a. Ad Valorem Tax b. Value Added Tax c. Real Property Tax d. Estate Tax e. Capital Gain Tax

a. Ad Valorem Tax

The permit to extract sand, gravel and other quarry resources shall be issued exclusively by the ___________________. a. Provincial Governor b. Municipal Mayor c. Punong Barangay d. AOTA e. NOTA

a. Provincial Governor

The following are exempt from the community tax, except: a. Diplomatic and consular representatives b. Transient visitors when their stay in the Philippines does not exceed three (3) months c. Transient visitors when their stay in the Philippines does exceed three (3) months d. NOTA e. AOTA

c. Transient visitors when their stay in the Philippines does exceed three (3) months

The taxation on ownership of real property by a person is governed by: a. Local Government Code of 1991 b. Tax Code of 1997 c. National Internal Revenue Code d. Bureau of Internal Revenue Regulations

a. Local Government Code of 1991

Prompt payments of Real Property tax may be given a discount of .... a. ten percent (10%) b. Twenty percent (20%) c. Thirty percent (30%) of Real Property tax d. Five percent (5%) e. Three percent (3%)

a. ten percent (10%)

Advanced payments of Real Property may be entitled to the maximum discount of .... a. ten percent (10%) b. Twenty percent (20%) c. Thirty percent (30%) d. Five percent (5%) e. Three percent (3%)

b. Twenty percent (20%)

The inherent power of the State to impose and collect taxes for the purpose of defraying government necessary expenses for public funds a. Zoning b. Taxation c. Escheat d. Assessment

b. Taxation

A property record, which is a traditional assessment document maintained by the provincial, city or municipal assessors, showing, among others the market and assessed values of the property as the basis for the collection of real property tax a. Declaration of Real Property b. Declaration of Real Estate c. Declaration of Real Property Tax d. Declaration of Real estate Tax

a. Declaration of Real Property

A sale of property after a period of non-payment of taxes. a. Auction Sale b. Tax Sale c. Tax Deficiency d. Foreclosure Proceeding

b. Tax Sale

Land is historically considered as a source of wealth, power, and prestige as much as it has become one of government’s basic sources of: a. Raising public funds b. Assessment c. Taxation d. Collecting Taxes

a. Raising public funds

The earliest forms of property taxation were employed by the: a. Spaniards b. Roman Empire c. Americans d. Japanese

b. Roman Empire

This became the earliest forms of “tax rolls” listing the taxability of land, farm implements, money, clothing, and transport and cargo modes such as ships, carriages, and mules. a. Spanish Census b. Roman Census c. American Census d. Japanese Census

b. Roman Census

During this regime in the Philippines there was no system of real property taxation as it is applied today. a. A Spanish b. Roman Empire c. American Regime d. Japanese

a. A Spanish

The Spanish “encomienda system levied taxes on male tenant farmers of military age (16 – 60) in a form of tribute or _________ for the privilege of working the land. a. Special tax b. Property tax c. Income Tax d. Personal tax

d. Personal tax

The short-lived “1st Philippine Republic of 1898 provided for a system of realty taxation but was not implemented completely under the: a. Malolos Constitution b. Both A & B c. Philippine Constitution d. None of the above

a. Malolos Constitution

The ________ laid the ground works of real property taxation in the Philippines. In 1901, the Philippine Commission promulgated Act Nos. 82 and 83 authorizing municipal and provincial treasurers to levy realty taxes at rates not exceeding 1⁄2 of1% and 3/8 of 1%, respectively, in the organization of local governments. a. Spaniards b. Roman Empire c. Americans d. Japanese

c. Americans

The Administrative Code of 1916 (Act No. 2657) incorporated the: a. Municipal Code and Provincial Act b. City and Provincial Act c. City and Municipal Act d. None of the Above

a. Municipal Code and Provincial Act

Act No. 3995 created the: a. Office of the City Assessor b. Office of the Provincial Assessor c. Office of the Municipal Assessor d. Office of the District Assessor

b. Office of the Provincial Assessor

The National Assembly of 1939 enacted the: a. Commonwealth Act No. 470 b. Administrative Code of 1916 c. Act No. 3995 ` d. None of the Above

a. Commonwealth Act No. 470

During Martial Law, sweeping reforms on real property taxation were introduced through: a. PD 25 and 76 b. PD 25 and 26 c. PD 75 and 76 d. None of the Above

a. PD 25 and 76

This Code became the basis of the Real Property Tax Administration System in the Philippines in 1974. a. Real Property Tax Code b. Valuers Code c. Real Property Code d. Tax Code

a. Real Property Tax Code

The Office of the Municipal Assessor was created in: a. 1976 b. 1978 c. 1977 d. 1979

b. 1978

PD 464, as amended, was recognized under the: a. Local Government Code of 1983 b. Local Government Code of 1985 c. Local Government Code of 1984 d. Local Government Code of 1986

a. Local Government Code of 1983

The 1987 Constitution paved the way for the Local Government Code of 1991 which refers to: a. RA 7160 b. RA 6425 c. RA 7835 d. RA 7279

a. RA 7160

In 2001, the Land Administration and Management Program, Phase I (LAMP 1), a 15 – 20 year commitment of the Philippine Government was launched. This was aimed at, but not: a. poverty alleviation b. economic growth c. equitable real property valuation d. assessment and taxation

d. assessment and taxation

On October 13, 2009, Executive Order No. 833 this office was created for purposes of sustaining and instituting real property valuation reforms a. Property Valuation Office b. Philippine Valuation Office c. Real Property Valuation Office d. Philippine Property Valuation office

a. Property Valuation Office

DOF Department Order No. 37-09 prescribed the Philippine Valuation Standards (1st Edition) – Adoption of the IVSC Valuation Standards under Philippine Setting, on: a. September 19, 2009 b. November 19, 2009 c. October 19, 2009 d. December 19, 2009

c. October 19, 2009

The filing of sworn declaration of the true value of property in the assessor, by the owner or administrator is required under Section 202 of the Local Government Code: a. once every three years b. once every two years c. once every 5 years d. once every 10 years

a. once every three years

Such filing of the declaration is supposed to coincide with the once every three years conduct of the general revision of: a. real property assessments b. real property appraisal c. real property taxation d. real property valuation

a. real property assessments (check)

The Local Government Code requires the person acquiring at any time real property or making any improvement on real property belonging to him, to prepare and submit to the assessor, a sworn statement declaring the true value of the property: a. within 30 days after the acquisition of such property or the completion of the improvements made b. within 60 days after the acquisition of such property or the completion of the improvements made c. within 90 days after the acquisition of such property or the completion of the improvements made d. within 120 days after the acquisition of such property or the completion of the improvements made

b. within 60 days after the acquisition of such property or the completion of the improvements made

The deputized Examiners shall perform the following activities except: a. Review of pertinent records of the business establishment to be examined b. Review of the working papers, if any, of the business establishment, if previously examined c. Submission to the Owner/President of the business establishment to be examined the Letter of Appointment/Authority to conduct the examination d. Acceptance of books of accounts and documents for verification/examination e. Preparation of Bank Reconciliation Statements

e. Preparation of Bank Reconciliation Statements

Declaring newly acquired, newly built, or newly transferred real property is required under the following conditions, but not: a. The property may be assessed at the proper time and avoid on the part of the property owner the accumulation of back taxes. b. Real property records may be updated to indicate present ownership c. Real property records may be amended, corrected, or updated to accordingly reflect the changes in the condition, classification, taxability, or other variations made on the property. d. Real property records may be revised to indicate previous ownership

d. Real property records may be revised to indicate previous ownership

Declaring newly acquired, newly built, or newly transferred real property is required under the following conditions, but not: a. Demolition of buildings or other structures b. Dismantling and cessation of operation of machinery c. Change in classification and or Correction in area d. Conversion of presently taxable properties to exempt

d. Conversion of presently taxable properties to exempt

All assessors are required to prepare and maintain an assessment roll wherein all taxable real property located within their areas of jurisdiction shall be: a. listed b. assessed c. taken d. transferred

a. listed

A copy of the assessment roll must be transmitted to their respective local treasurers; except in cases where the assessors’ records are computerized and the same are directly and operationally connected to the Treasurers’ Offices in the form of: a. assessment network system b. local area networking or LAN. c. city network system d. municipal network system

b. local area networking or LAN.

For purposes of recording and maintaining statistical data, a separate roll shall be prepared for: a. exempt properties. b. taxable properties c. assessed properties d. listed properties

a. exempt properties

The four (4) most important elements of the assessment process are the following, except: a. Classification, Actual use, Assessed Value, Assessment Levels b. Assessment levels, Actual Use, Assessment Levels, Tax rate c. Assessed value, Classification, Tax Rate, Actual Use d. Assessed value, Classification, Tax Rate, Assessment Levels

a. Classification, Actual use, Assessed Value, Assessment Levels

Classification of real property provides for the foundation of equity and uniformity in realty: a. Assessment b. Valuation c. Taxation d. Classification

c. Taxation

Taxes are imposed uniformly upon the same classes of property within the territorial jurisdictions of local government units: a. levying the tax b. determining the tax c. identifying the property d. classifying the tax

a. levying the tax

The basis for the assessment of real property in the Philippines, regardless of where the property is located, whoever owns it, and whoever uses it. a. Classifying the property b. Actual Use of the property c. Assessing the property d. Assessment Levels

b. Actual Use of the property

The value multiplied by the tax rate equals the tax due from the real property is the: a. Market Value b. Appraised Value c. Tax Due d. Assessed Value

d. Assessed Value

The proceeds of the basic real property tax, including interest thereon, and proceeds from the use, lease or disposition, sale or redemption of property acquired by public auction by the city shall be distributed accordingly. At what percentage of the proceeds will accrue to the General Fund of the city? a. 30% b. 70% c. 40% d. 50% e. 25%

b. 70%

The proceeds of the basic real property tax, including interest thereon, and proceeds from the use, lease or disposition, sale or redemption of property acquired by public auction by the province shall be distributed accordingly. At what percentage of the proceeds will accrue to the barangay where the property is located or equally to all component barangays of the city? a. 30% b. 70% c. 40% d. 50% e. 25%

d. 50%

An act providing for the recognition and use of electronic commercial and non-commercial transactions, penalties for unlawful use thereof, and other purposes. a. R.A. No. 7160 b. R.A. No. 6657 c. R.A. No. 6810 d. R.A. No. 8792 e. R.A. No. 7279

d. R.A. No. 8792

An act instituting a comprehensive agrarian reform program to promote social justice and industrialization providing the mechanism for its implementation and for other purposes. a. R. A. No. 7160 b. R. A. No. 6657 c. R. A. No. 6810 d. R. A. No. 8792 e. R. A. No. 7279

b. R. A. No. 6657

The basic real property tax and any other tax levied under Title 2, Book II of R. A. No. 7160 shall, from the date they become due, be collected within: a. 5 years b. 7 years c. 10 years d. 15 years e. 20 years

a. 5 years

The proceeds of the basic real property tax, including interest thereon, and proceeds from the use, lease or disposition, sale or redemption of property acquired by public auction by the province shall be distributed accordingly. At what percentage of the proceeds shall be distributed among the component barangays of the cities where the property is located? a. 30% b. 70% c. 40% d. 50% e. 25%

a. 30%

Under R. A. No. 7160, failure to post and publish the itemized monthly collections and disbursements of the LGU within the prescribed period shall be punished by: a. A fine not exceeding Php 500.00 or by imprisonment not exceeding 1 month or both b. A fine between Php 1,000.00 – Php 5,000.00 or by imprisonment between 1 – 6 months or both c. A fine between Php 200.00 – Php 10,000.00 or penalty of prision correccional in its minimum period or both d. Sufficient ground for administrative disciplinary action against the officials and employees involved e. Automatic dismissal from the service after due notice and hearing

a. A fine not exceeding Php 500.00 or by imprisonment not exceeding 1 month or both

Under the Revised Penal Code, frauds against the public treasury and similar offenses by a public officer, such as (1) Demanding, directly or indirectly, the payment of sums different from or larger than those authorized by law, (2) Failing voluntarily to issue a receipt, as provided by law, for any sum of money collected by him officially, (3) Collecting or receiving, directly or indirectly, by way of payment or otherwise, things or objects of nature different from that provided by law, shall be punished by: a. A fine not exceeding Php 500.00 or by imprisonment not exceeding 1 month or both b. A fine between Php 1,000.00 – Php 5,000.00 or by imprisonment between 1 – 6 months or both c. A fine between Php 200.00 – Php 10,000.00 or penalty of prision correccional in its minimum period or both d. Sufficient ground for administrative disciplinary action against the officials and employees involved e. Automatic dismissal from the service after due notice and hearing

c. A fine between Php 200.00 – Php 10,000.00 or penalty of prision correccional in its minimum period or both

Under R. A. No. 7160 and without prejudice to criminal prosecution under the Revised Penal Code and other applicable laws, any Local Treasurer who fails to issue or execute the warrant of distraint or levy after the expiration of the time prescribed, or who is found guilty of abusing the exercise thereof by competent authority shall be punished by: a. A fine not exceeding Php 500.00 or by imprisonment not exceeding 1 month or both b. A fine between Php 1,000.00 – Php 5,000.00 or by imprisonment between 1 – 6 months or both c. A fine between Php 200.00 – Php 10,000.00 or penalty of prision correccional in its minimum period or both d. Sufficient ground for administrative disciplinary action against the officials and employees involved e. Automatic dismissal from the service after due notice and hearing

e. Automatic dismissal from the service after due notice and hearing

The following are classified as Personal Services except: a. Salaries and Wages (Regular) b. Salaries and Wages (Contractual) c. Special allowances d. Honoraria e. Cash Gift

c. Special allowances

Real property consists of a. Rights in realty b. Land and all improvements thereon c. The right to use or occupy real estate d. Single-family residences

a. Rights in realty

A duly registered and licensed natural person who works in a local government unit and performs appraisal and assessment of real estate properties, including plants, equipment, and machineries, essentially for taxation purposes. a. Real estate appraiser b. real estate assessor c. Real estate consultant d. real estate salesperson e. Real estate broker

b. real estate assessor

Julita Cruz owns a vacation home near a small town almost 1 kilometers from the city in which she lives and works. She doesn’t use her vacation house more than three weeks every year. The last time she stayed there, she noticed that a gas station had been built a few hundred yards down the road. After talking to the owner, she discovered that a zoning change had been put into effect to allow construction of a new shopping center on land adjacent to the gas station. While Ms. Cruz’s property was not rezoned, she realizes that it won’t be suitable as a vacation retreat once the shopping center is built. Which basic value principle(s) does the foregoing case illustrate? a. Highest and best use (HABU) b. conformity c. change d. all of the above

d. all of the above

Which of the following is not a part of the market value definition? a. Buyer and seller are typically motivated b. The property sells in 90 to 120 days c. Payment is made in cash or cash equivalent terms d. Both parties are well informed

b. The property sells in 90 to 120 days

Gentrification is a. A class of citizens who live in blighted areas b. A process in which older homes in a neighborhood are remodeled and different residents replace the lower-income residents c. A group of complementary land uses d. A part of the life cycle of a market area in which property values are stable and the maintenance levels are adequate

b. A process in which older homes in a neighborhood are remodeled and different residents replace the lower-income residents

The following are restrictions of property rights except a. Zoning b. taxation c. Escrow d. escheat

c. Escrow

The addition to the land through processes of nature, such as deposits of soil carried by streams. a. avulsion b. alluvium c. accretion d. usufruct

c. accretion

A duly registered and licensed natural person who, for a professional fee, compensation or other valuable consideration, offers or renders professional advice and judgment on: (i) the acquisition, enhancement, preservation, utilization or disposition of lands or improvements thereon; and (ii) the conception, planning, management and development of real estate projects. a. Real estate appraiser b. real estate assessor c. Real estate consultant d. real estate salesperson e. Real estate broker

c. Real estate consultant

Which of the following courses would benefit a professional appraiser? a. real estate finance, land use planning, real estate law b. urban sociology, demographics, information systems c. All of the above d. One of the above

c. All of the above

The four agents of production are a. Land, labor, capital, improvements b. Land, improvements, labor, materials c. Land, labor, capital, entrepreneurship d. Land, labor, capital, money

c. Land, labor, capital, entrepreneurship

Linkages are a. The devices used to change a property from one use to another b. The relationships between a buyer and seller in a real estate deal c. Time-distance relationships between a property use and the supporting facilities d. The tools necessary to market real estate

c. Time-distance relationships between a property use and the supporting facilities

Refers to the compulsory successional rights granted by the law and the same cannot be taken by anybody except when alienated during the lifetime of the testator with consideration a. Legitime b. intestate c. Succession d. heir e. testate

a. Legitime

The highest form of real property ownership is a. homestead estate b. leasehold estate c. fee simple d. life estate

c. fee simple

A duly registered and licensed natural person who, for a professional fee, compensation or other valuable consideration, performs or renders, or offers to perform services in estimating and arriving at an opinion of or acts as an expert on real estate values, such services of which shall be finally rendered by the preparation of the report in acceptable written form. a. Real estate appraiser b. real estate assessor c. Real estate consultant d. real estate salesperson e. Real estate broker

a. Real estate appraiser

What term is used to describe a study of the cost -benefit relationship of an economic endeavor? a. Investment analysis b. Feasibility analysis c. Cash flow analysis d. Market analysis

b. Feasibility analysis

Investment value is best measured by a. Market price to a specific investor b. Market value to a specific investor c. The cost of acquiring a competitive substitute property with the same utility to a typical purchaser d. The present worth of anticipated future benefits to a specific investor

d. The present worth of anticipated future benefits to a specific investor

The scientific study of population statistics is a. scientography b. segmentation c. demography d. forecasting

c. demography

The best evidence of ownership is a. Tax declaration b. Vicinity map c. Torrens title d. None of the above e. Technical description

c. Torrens title

Real property includes a. Any and all buildings on the subject site b. All interests, benefits, and rights inherent in the ownership of real estate c. The physical land and appurtenances affixed to the land d. Property that is not artificial

b. All interests, benefits, and rights inherent in the ownership of real estate

In corporate practice of real estate service, there shall be at one license real estate broker for every a. 25 accredited salesperson b. 35 accredited salesperson c. 20 accredited salesperson d. 40 accredited salesperson e. 30 accredited salesperson

c. 20 accredited salesperson

An appraisal may include a(n) a. property description b. opinion of value c. estimate of market value d. all of the above

d. all of the above

The value most commonly sought in real estate appraisals is a. Investment value b. Insurable value c. Value in use d. Market value

d. Market value

What form of diffusion is represented by the spread of Shoe Mart (SM)? a. cascade b. relocation c. reverse hierarchical d. stimulus

c. reverse hierarchical

Immovable or real property in favor of the easement a. servient estate b. fixture c. dominant estate d. legitime e. land estate

c. dominant estate

What are the considerations in determining whether something attached to real property is a fixture? a. method by which the item is attached; adaptability of the item for the land’s ordinary use b. relationship of the parties; intention of the person in placing the item in the land; agreement of the parties c. both a and b d. none of the above

c. both a and b

What is PRBRES a. Philippine regulating board of real estate service b. Philippine regulation board of real estate service c. Philippine regulatory board of real estate service d. Philippine regulatory board of real estate salesperson

c. Philippine regulatory board of real estate service (Professional Regulatory Board of Real Estate Service)

The statement “property values are created and sustained when the characteristics of a property conform to the demand of its market" refers to a. Use value b. Conformity c. Contribution d. Supply and demand analysis

b. Conformity (check)

The value of improved residential real estate is most influenced by a. Passage of time b. Brokers opinions of the value of properties c. Changes in shopping patterns for consumers of goods and services d. Cost of construction increases

d. Cost of construction increases

Countries with a high rate of natural increase will also have a: a. Long doubling time. b. Negative population growth. c. Short doubling time. d. Inversed, pyramid-shaped population pyramid. e. All of the above

d. Inversed, pyramid-shaped population pyramid.

Immovable or real property subjected to the easement a. servient estate b. fixture c. dominant estate d. legitime e. land estate

a. servient estate

Jackfruit that fall on the ground are a. ordinarily real estate b. both of the above c. ordinarily personal property d. none of the above

c. ordinarily personal property

Who is the Chairperson of PRBRES a. Edgardo Gutierrez Ong b. Edmundo Gutierrez Ong c. Eduardo Gutierrez Ong d. Elpidio Gutierrez Ong e. Ernesto Gutierrez Ong

c. Eduardo Gutierrez Ong

The reliability of an appraisal depends on the a. knowledge and judgment of the appraiser b. accuracy of the data used c. Both a and b d. Neither a nor b

c. Both a and b

Synergy or Plottage is a. The process whereby large parcels of land are divided into lots and recorded in the Register of deeds b. Is the assemblage of two or more parcels of land c. Is the name of the discount given when larger parcels sell for more per hectare than smaller ones d. An incremental increase of value that results when two or more sites are combined to produce greater utility

d. An incremental increase of value that results when two or more sites are combined to produce greater utility

The population of a country divided by its area determines its: a. Birth/death rate b. Population doubling time c. Rate of natural increase d. Gravity factor e. Population density

e. Population density

Reversion of privately owned properties in favor of the state upon the death of the owner who is not survived by any heir a. escheat b. eminent domain c. police power d. taxation e. zoning

a. escheat

Knowledge of land value is required for all of the following except a. property taxation b. fire insurance c. a ground lease d. a grazing lease

b. fire insurance

Who is the commissioner of PRC a. Manansala b. Soliman c. Ong d. Carpio e. Samonte

a. Manansala

When a property’s highest and best use is likely to change in the near future, the prevailing highest and best use is called a. Pending use b. Interim use c. Temporary use d. Alternative use

b. Interim use

Real property has value because a. It is nearby b. It is desirable c. It is popular d. It provides future benefits

d. It provides future benefits

It is a kind of surveying in which photographs are used to determine configuration of land, man-made and natural features. a. Hydrographic survey b. Photogrammetry survey c. Aerial survey d. Cadastral survey e. Relocation survey

b. Photogrammetry survey

Doctrine which reserves to the state the full ownership of all natural resources or natural wealth that may be found in the bowels of the earth. a. public domain b. regalian doctrine c. resallicujos d. stewardship principle e. res alienate

b. regalian doctrine

Items that are built to be permanent and intended to be included with real property are a. Trade fixtures b. Personal property c. Real estate d. Chattel fixtures

c. Real estate

Refers to any natural or juridical person engaged in the business of developing real estate development project for his/her own account and offering them for sale a. Real estate person b. Real estate developer c. Real estate development project d. Real estate consultant e. Real estate dealer

b. Real estate developer

An appraisal of current market value is considered to be accurate for a. 90 days b. one year c. until the property is sold d. date of appraisal

d. date of appraisal

When real property is sold by one person to another, the amount of money used to compensate the seller is called a. The cost of the real property b. The price of the real property c. The value of the real property d. The income of the real property

b. The price of the real property

A single- family homeowner who builds a new and unique structure will commonly find that a. The uniqueness will cause the market to like it and pay more for it b. Properties that do not conform to the popular designs will sell for more c. By definition, uniqueness means that fewer people will want to buy it d. The market will pay as much for this property as any other because of its unique nature

c. By definition, uniqueness means that fewer people will want to buy it

When demand for housing increases, the supply a. Increases immediately b. Is unaffected c. Increases slowly d. Will diminish

c. Increases slowly

299. Overproduction of new homes a. Causes oversupply and lower prices b. Causes increases in demand c. Causes prices to increase d. Causes the market to move toward a state of equilibrium

a. Causes oversupply and lower prices

The city planning department indicated a vacant residential lot located in the flood zone cannot be given a building permit. This site a. Has lost nearly all utility b. Has lost all desirability c. Has become scarce d. Has lost any effective purchasing power

a. Has lost nearly all utility

Buyers who paid installment of less than 2 years are also protected by the Maceda law and entitled to a grace period of___days from the added their installment become due and demandable a. 30 days b. 15 days c. 20 days d. 25 days e. 60 days

e. 60 days

Under the Maceda law, how many times the can the buyers exercise his rights a. once every 10 years b. once every 3 years c. once every 2 years d. none of the aboved e. once every 5 years

e. once every 5 years

Real properties used for family homes or house and lot where the family resides a. life estate b. real estate c. fee tail d. remainder e. homestead estate

e. homestead estate

Right of the state to enact laws and enforce them for the safety, order, health, morals and general welfare of the public a. Escheat b. eminent domain c. police power d. taxation e. zoning

c. police power

Power of the state to impose and collect taxes and other charges on real estate a. Escheat b. eminent domain c. police power d. taxation e. zoning

d. taxation

A deed should be recorded because a. Recording gives public notice of the transaction and sets the priority b. It is required by law c. Title does not pass until the deed is recorded d. Recording makes the deed a legal document

a. Recording gives public notice of the transaction and sets the priority

The sudden removal of land from one parcel to another when a body of water, such as a river, abruptly changes. a. Avulsion b. alluvium c. Accretion d. usufruct

a. Avulsion

The soil gradually deposited by the process of accretion, usually considered to belong to the owner of the land to which it is added. a. avulsion b. alluvium c. accretion d. usufruct

b. alluvium

Land is unique because a. No two parcels have the same soil composition b. No two parcels have the same owners c. No two parcels have the same tax levies d. No two parcels can occupy the same space on the face of the earth

d. No two parcels can occupy the same space on the face of the earth

The supply of land is a. Increasing all the time b. Infinite c. Established by the surveyors d. Finite

d. Finite

Refers to an official in the local government unit, who performs appraisal and assessment of real properties, including plants, equipment and machineries for taxation purposes. a. Valuer b. Local assessing operation officer c. Appraiser d. Tax Mapper e. Assessor

e. Assessor

Composition of the board of PRBRES a. 1 chairperson and 3 members b. 1 chairperson and 4 members c. 1 chairperson and 2 members d. 1 chairperson and 7 members e. 1 chairperson and 5 members

b. 1 chairperson and 4 members

Any violation of RA 9646, including violation of IRR shall meted the penalty of a fine of not less than______ or imprisonment of not less than______ upon discretion of the court a. 100,000.00 and 6 months b. 100,000.00 and 1 year c. 50,000.00 and 2 years d. 50,000.00 and 1 years e. 100,000.00 and 2 years

e. 100,000.00 and 2 years

In case the violation of RA 9646 and its IRR is committed by an unlicensed real estate service practitioner, the penalty shall be_______ the fine and imprisonment for licensed violators a. triple b. double c. fivefold d. four-fold e. one half

b. double

The realty service practice can be performed by juridical persons, except: a. Real estate salesperson b. Real estate consultant c. Real estate broker d. All of the above e. Real estate appraiser

a. Real estate salesperson

Appraisals are always used a. To make residential mortgages b. to settle lawsuits c. To settle divorces d. to solve problem that involve real estate values

d. to solve problem that involve real estate values

The mayor of a small town recently hired you to estimate the value of a new one-story, three- bay fire station. The fire station was built last year at a cost of P2.5 million (land and buildings). Similarsized, one year-old commercial buildings in comparable locations are selling for P2 million. lf you appraise this building for approximately P2.5 million, you probably have conveyed a. Market value b. use value c. Investment value d. value in transition

b. use value

You were recently asked to appraise the Midnight blue hostel. The bank asked you to value the property for loan purposes. The comparable sales you used in this analysis were all sales of the entire operation. The income used in your calculation was based on the rental rate of each sleeping room and the sales at the restaurant and the bar. You are most likely appraising a. Market value of the fee simple interest b. Market value of the leased fee interest c. Going-concern value d. Value in use

c. Going-concern value

A buyer invests in a small strip center because she believes the property will net P350,000 per year. This is an example of a. Anticipation b. Competition c. Change d. Substitution

a. Anticipation

To be considered the highest and best use, a use must be a. Physically possible, legally permissible, appropriately justified, financially feasible, and maximally productive b. Physically correct and legally possible c. In existence already and legal d. Physically possible and appropriate

a. Physically possible, legally permissible, appropriately justified, financially feasible, and maximally productive

Market area life cycles include a. Growth, stability, decline, and revitalization b. Growth, stability, decline, and gentrification c. Growth, stability, appreciation, and decline d. Growth, level of appreciation, and decline

a. Growth, stability, decline, and revitalization

Neighborhood social influences include all of the following except a. Population density b. Occupant age levels c. Occupant skill levels d. Vacancy rates

d. Vacancy rates

The economic base is a. The lower line in a graph showing the economy of a community b. The ratio of basic industries to technical Industries in a community c. An inexpensive, large string instrument d. The economic activity that enables it to attract income from outside the community’s borders

d. The economic activity that enables it to attract income from outside the community’s borders

Economic influences include all of the following except a. Occupant income levels b. Property rent levels c. Crime levels d. Birth rate

c. Crime levels

Governmental influences include all of the following except a. Tax burdens b. Zoning, building, and housing codes c. Special assessments d. Changes in property use

d. Changes in property use

Property owned by the state in its proprietary or private capacity which is not devoted to public use or public service and the development of national wealth a. public domain b. regalian doctrine c. resallicujos d. stewardship principle e. patrimonial property

e. patrimonial property

Any and unknown deposit of money, precious object or jewelry the lawful ownership of which is unknown a. yamashita treasure b. alluvium c. hidden treasure d. minerals e. accession

c. hidden treasure

System of land registration by which the title is recorded becomes indefeasible, absolute and imprescriptible a. Torres system b. Tax declaration c. Allen system d. Bonds e. Torrens system

e. Torrens system

In the absence of marriage settlements, or when the regime is void, what system shall govern? a. co ownership b. extra judicial c. judicial settlement d. capital property e. absolute community of property

e. absolute community of property

Exclusive property brought by the husband to the marriage as his own. a. co ownership b. extra judicial c. judicial settlement d. capital property e. absolute community of property

d. capital property

Assets that are inextricably combined with others and that may include specialized buildings, machinery, and equipment. a. Plant b. Equipment c. Machinery d. Business asset

a. Plant

Individual machines or a collection of machines. A machine used for a specific process in connection with the operation of the entity. a. Plant b. Equipment c. Machinery d. Business asset

c. Machinery

For assets in the public sector, the assumption equivalent to a business continuing as a going concern is that the public sector assets a. Will continue to be used for the provision of the relevant public good or service. b. Will cease to be used for the provision of the relevant public good or service. c. Both of the above. d. None of the above.

a. Will continue to be used for the provision of the relevant public good or service

Plant for the supply of electricity, gas, heating, cooling or ventilation and equipment such as elevators a. Should be reflected in the value of the real estate interest b. Would not normally be reflected in the value of the real estate interest c. Both of the above. d. None of the above.

a. Should be reflected in the value of the real estate interest

Plant and equipment are a. Tangible assets b. Both of the above. c. Intangible assets d. None of the above.

a. Tangible assets

A licensed real estate practitioner is qualified to be appointed as member of the Professional Regulatory Board of Real Estate Service provided that prior to his/her appointment, he/she has been an active licensed practitioner for at least: a. Twenty years b. Three years c. Fifteen years d. Ten years e. Five years

d. Ten years

To constitute negligence or failure to disclose or ascertain to any person with whom a broker is dealing relative to the property and within his/her knowledge at the time of the transaction, what matters must the broker fail to disclose? a. Previous owner of property or history of title b. Fair market value of the property c. Location, topography, and shape of property d. Material fact, data or information e. Whether property is updated in tax payments

d. Material fact, data or information

The scope of brokerage are as follows, but not: a. Authority to look for property b. Engagement to look for a buyer c. Procurement of insurance for properties secured by real estate d. Procurement of loans secured by real estate e. Procurement of tenants for rental properties

d. Procurement of loans secured by real estate

Two bookstores are located on the same city street, and both have had good business for ten years. One store is improved with new displays, better lighting, computerized inventory control, and a snack bar. Because the store is part of a chain, remodeling costs are absorbed without general increase in prices. The other bookstore begins losing customers. Which basic value principle(s) does the foregoing case illustrate? a. competition b. contribution c. Both a and b. d. None of the above.

c. Both a and b

The ratio of net operating income to effective gross income is the a. operating expense ratio b. net income ratio c. effective gross income ratio d. break-even ratio

b. net income ratio

The ratio of the operating expenses plus annual debt service to potential gross income is the a. operating expense ratio b. effective gross income ratio c. net income ratio d. break-even ratio

d. break-even ratio

To arrive at net operating income, expenses are deducted from a. operating profit b. Effective gross income c. gross income d. None of these

b. Effective gross income

In the formula for the operating expense ratio a. operating expenses are divided by effective gross income b. effective gross income is divided by operating expenses c. potential gross income is divided by effective gross income d. effective gross income is divided by potential gross income

a. operating expenses are divided by effective gross income

The amount of entrepreneurial profit a. reflects the success of the project b. is based on how project expenses are categorized c. always be the same, provided the project is completed within its estimated budget d. cannot be estimated accurately

a. reflects the success of the project

Is the amount paid by the lessee of a house or flat fee of a commercial bldg. a. economic rent b. rental c. interest d. market price e. lease

b. rental

The revenue derived from the use of land and of the forces inherent to land a. economic rent b. rental c. interest d. price e. lease

a. economic rent

It is the price of any commodity in its market at a specified time a. economic rent b. rental c. interest d. market price e. lease

d. market price

Functional utility depends on a. zoning b. age of equipment c. wear and tear on the structure d. insurance requirements e. tastes and standards

c. wear and tear on the structure

the income capitalization approach is based on what principle

principle of anticipation

this principle states that balance among the factors of production is achieved at the point of diminishing returns

principle of balance

this principle holds that value is achieved and maintained when all elements (land, labor, capital entrepreneurship) are in proper proportion

principle of balance

smaller portions, can be priced per unit of measure, but may be more affordable to Pinoy buyers.

bite-sizing

this principle dictates that changes in market conditions can influence supply and demand for real estate, which consequently impact its value. Such fluctuations are usually based on alterations to a given community, neighborhood, or economic environment

principle of change

this principle can be affected by profit and excess profit can ruin competition. In other words, success breeds competition, and extremely high success breeds excess competition

principle of competition

this principle states that maximum value is achieved with homogeneity and compatibility. Over or under improvement can lead to non-conformity within a property or environment

principle of conformity

this principle holds that maximum value is achieved and maintained when there is reasonable conformity and not monotonous uniformity among properties

principle of conformity

this principle involves the concept that land cannot be valued under one highest and best use while improvements are valued based on another highest and best use

principle of consistent use

this principle stipulates that land should be valued according to its current highest and best use while improvements are valued based on their potential highest and best use

principle of consistent use

a property may remain in transition from one use to another for an extended period and not all appraisals need to reflect immediate changes. This is the ___, and does not conflict with the consistent use principle

interim use concept

this principle states that the value of an element or component depends on its contribution to the whole

principle of contribution

this principle states that the cost of an item does not necessarily equal its contributory value

principle of contribution

this principle states that the value of any component of property is determined by how much it adds to or subtracts from the overall value

principle of contribution

the greater the volume, the less the incremental cost for additional volume

economies of scale

states that larger organizations can benefit from reduced costs associated with certain operations

economies of scale

this concept speaks to the idea that value is determined by more than just the property itself

externalities or external factors

what are externalities or external factors that shape how buyers and sellers interact with each other and determine what kind of value is ultimately achieved

physical / environmental economic governmental / political social

the cycle of life dictates that all material things succumb to deterioration and ultimately disintegrate

four-stage life cycle

the four-stage life cycle has four distinct stages

growth stability / equilibrium decline revitalization

refers to the "most probable use" that is the most reasonable, and legally permissible, physically possible, appropriately justified and financially feasible

Highest and Best Use

For a property to be the optimal use, it must fulfill all criteria and pass the test of highest and best use. This includes being:

Physically possible Legally permissible Financially Feasible Maximally productive

the highest and best use of a property includes conforming with zoning regulations in place as well as other applicable building codes

Legally permissible

the highest and best use of a property must be feasible in terms of its physical attributes and infrastructure. Considerations such as size, utilities, frontage, access, and topography are essential in determining, whether intended development can be achieved on a specific piece of land

Physically possible

the highest and best use of a property that is used for its most profitable purpose

financially feasible

the highest and best use of a property which states that it must generate adequate revenue to justify the costs of construction plus a profit for the developer

financially feasible

highest and best use of a property in real estate which refers to the most profitable and beneficial way of utilizing a property

maximally productive

increasing returns of factors in production enhance income up to a point of maximum returns. Any succeeding addition will result in diminishing returns

increasing and decreasing returns

the value of what you give up pursuing something. It is the cost of the next best alternative that must be forgone to pursue a certain action

opportunity cost

this principle holds that money allocated to a certain use cannot be used for an alternative

principle of opportunity cost

the lesser property's value is enhanced by the presence of a superior property

progression

the value of a superior property is negatively affected by the presence of an inferior property

regression

this principle states that a prudent buyer pays no more than the cost of an equally desirable substitute

principle of substitution

this principle states that investors should substitute a similar investment for the one they are considering if it offers better returns, lower risk, or more advantageous management capabilities

principle of substitution

this principle is key to the three approaches to real estate valuation

principle of substitution

states that when demand for a product remains stable, the value of similar products in the same area will increase as more are purchased

supply and demand

the supply and demand principle can be summed up by three elements:

supply, demand and price

is the key criterion for valuating any property. Valuation procedures aim to quantify the degree of utility or usefulness of the property valued

utility

is a concept that can be utilized to pinpoint the worth of land by assessing what remains after taking into account the reimbursement for labor, management and capital. This remainder can be attributed as a result of the land itself.

Surplus productivity

is considered the investors return of the land

surplus productivity

what are the agents of production

Capital Entrepreneurship Labor Land

agent of production which includes all cost of buildings and equipment required to keep the enterprise functional. In addition to buildings and equipment, this includes maintenance, insurance, interest, principal, and like items required to maintain and pay for capital instrument

capital

agent of production which includes all cost for coordination

Entrepreneurship / Management

agent of production which includes wages and other payroll expenses not including management. This also includes operating expenses that represent a form of labor such as maintenance, repairs, garbage collection, etc.

Labor

states that the merging of two or more neighboring land parcels into a single plot with a single use can produce higher value than each individual's parcel when considered separately

value plottage

the process of merging two or more neighboring land parcels into a single plot

assemblage

desire of a factor in value. Government control of foreign trade is critical for ensuring the prosperity and military security of the state

subjective (Theories of Mercantilists)

a theory where a nation's wealth is measured by its stash of precious metals like gold and silver. To increase this wealth, governments control foreign trade to boost exports or limit imports. They use tactics like tariffs, subsidies, protective laws, and navigation rules

Mercantilism

They were economist in the 18th century who believed that a nation's wealth came from land development and agriculture. They thought that all other businesses depended on these two things. They also believed that the government shouldn't interfere in the economy because it would make things less efficient

Physiocrats

The greatest advocate of capitalism is an economist from Scotland who wrote the Wealth of Nations in 1776. He considered that the term "value" can have two different meanings: it's usefulness or utility, and the power of purchase it offers when exchanged for other goods

Adam Smith

states that human beings do not value what they use the most, such as water, but choose to pay highly for things that have no real use, such as diamonds

paradox of value

this theory of value emphasizes the importance of understanding the power of supply and demand to determine the value of an object. the value of an object lies in its ability to provide benefit or satisfy a need

Cost Theory of Adam Smith

in this theory, rent is nothing but the producer's surplus or differential gain, and it is found in land only

Rent Theory of Ricardo

an English classical economist, who first developed a theory in 1817 that explains the origin and nature of economic rent. Value is determined by scarcity

David Ricardo

This theory states that population growth was bound to reduce worker wages, higher rent and prices thus resulting in a lower standard of living

Scarcity Theory of Malthus (Thomas Robert Malthus)

that portion of the produce of the earth which is paid to the landlord for the use of the original and indestructible powers of the soil

rent

this theory states that labor, or human work, creates economic value

Labor Theory of Marx

he thought that labor is key in production and workers should be paid fairly for their work, regardless of their social status. This means that wealth should be distributed based on effort, not status.

Karl Marx

this theory proposed to eliminate unearned land value increases through taxation

Social Theory of Mill (John Stuart Mill)

the Theories of School of Economics has been studying the relationship between market price and value for generations, uncovering laws such as supply and demand, inflation rates, foreign exchange rates, and the subjective nature of economic value. Through their research they have found that with balanced levels of supply and demand in play, the market price is typically equal to its true value

Theories of Austrian School

the study of Earth's surface and its relation to the activities of man like people's response to topography, climate, soil, plants, etc.

Geography (Human and Physical Geography)

Geography comes from the greek word "Geo" and "Graphia" meaning

earth's description

the study of the origin, distribution, and significance of major physical features of the earth

physical geography

the study of land and water forms and irregularities in the earth's

Geomorphology

analyzes differences and similarities in climate from place to place because of wind movements, cloud formation, temperature changes, etc.

climatology

calculates the exact location of points on the earths surface such as exact location of a city in latitude and longitude

mathematical geography

study of the Geographical distribution of plants and animals and their habitat

Biogeography

study of animals

zoology

study of animal behavior

ethology

study of the ocean and its phenomena

oceanology

study of the hydrosphere, which is the waters of the earth

hydrology

study of the relationship between disease-causing organisms and their environment

medical geography

study of soil formation

pedogenesis

study of soil

pedology

is a basic soil sampling unit

pedon

study of the atmosphere and its associated phenomena

meteorology

also known as cultural geography or anthropology

human geography

study of the distribution of people, various settlement patterns, and the features resulting from man's productive activities

human geography

study of distribution of cultural traits such as customs, traditions, taboos, religions, dialects and dwellings

cultural geography

study of numbers and distribution of people

population geography or demography

study of geographic patterns of man and his works over time

historical geography

explores the behavior and the rationale behind decision-making process and the production of models replicating such behavior

behavioral geography

study of widely varying economic conditions across the earth

economic geography

study of the relationships between political units such as provinces or states, nations, or unions of nations

political geography

study of cities with their important roles they play in the life of the nation

urban geography

are complex adaptive systems where the interactions of life processes form self organizing patterns across different scales of time and space

ecosystem

5 themes of geography

location place movement region human-environment interaction

refers to a specific place or position on the earth's surface

location

refers to a specific, fixed location on the earth's surface, usually measured using latitude and longitude

absolute location

describes the position of a place relative to other landmarks or geographic features

relative location

refers to a location's unique physical and human characteristics. it considers tangible features such as landforms, climate, vegetation, and water bodies and intangible elements such as culture, language, religion, and traditions that make a place distinct from others

place

explores the relationship between human societies and the natural world around them

human-environment interaction

refers to the mobility of people, goods, and ideas across various locations. It explores why things move from one place to another and how his movement impacts the world

movement

concerned with how areas are similar or different on their physical or cultural characteristics

region

a portion of territory that is entirely surrounded by territory of another state

enclave

a portion of the country's territory that is geographically separated from the main part of the country but is not fully enclosed within another country's border

exclave

application of a state's law beyond the state's borders

extraterritoriality

a geographical point where the boundaries of four distinct territories or regions meet

quadripoint

covers all sciences including ecology, geology, climatology, or phenology that deals with the environment.

Environmental Science

refers to the living elements of the environment

Biotic

refers to the non-living elements of the environment

Abiotic

Organism

refer to any contiguous living system i.e. animal, plant, fungus, or micro-organisms

describes the environment over which species is known to occur

habitat

an organism that does not require oxygen for growth

anaerobic organism

are substances that act as catalysts, starts or speed up reactions, necessary to the working of any creature

enzymes

is the variety of life and its processes

biodiversity

refers to the study of the function of living systems

physiology

representation of the predator-prey relationships between species within an ecosystem

food chains and food webs

group of individuals belonging to one species living in an area

population

assemblage of different populations living in an area

community

processes of changes over time which involves colonization, site modification, species replacement

ecological succession

a species able to persist and maintain stable population sizes

niche

an organism that can produce its own food using light, water, carbon dioxide or other chemicals

autotroph

is an organism that cannot fix carbon and uses organic carbon for growth

heterotroph

begins with predominantly inorganic environment and is characterized by early and continued dominance of producers

autothrophic succession

is characterized by early dominance of heterotroph

heterotrophic succession

wastes from domestic, commercial, and industrial activities like residential waste from domestic, commercial and industrial activities

solid waste

constitutes the least source in volume of generated wastes.

industrial waste

the systematic administration of activities which provide for segregation at source, segregated transportation, storage, transfer, processing, treatment and disposal of solid waste

ecological solid waste management

the liquid produced when waste undergoes decomposition and water percolates thru solid waste

leachate

the scientific study of animal behavior

ethology

are the autotrophic components of the plankton community

phytoplankton

refers to the ecosystem that is in the body of water

aquatic ecosystem

the science of genes, heredity, and variations of living organisms

genetics

refers to the ecosystem that is found only in land

terrestrial ecosystem

refers to the study to understand the physical effects of adding greenhouse gases to the atmosphere radiation balance

climatology and meteorology

refers to the geographic based instrument for planner and decision makers which present an evaluation of the environment quality and carrying capacity of an area

eco-profile

gases that can potentially or can reasonably be expected be expected to induce global warming

greenhouse gases

defined as the burning of municipal, biomedical, and hazardous waste which emits toxic fumes

incineration

refer to the traditional small-scale method of community or neighborhood sanitation

siga

inspection of real estate and improvements using only the senses (sight, smell, feel)

level one inspection

the most important source of knowledge about the growth and composition of a country's population

census

permanent move to a new location

migration

mass departure from a location

emmigration

migration to a new location

immigration

difference between the number of immigrants and the number of emigrants

net migration

the attractive features of new location that may lure migrants

pull factors

the math relationship between map size and actual size on earth

size and scale

the greek word "geographia" which means a. earths surface b. earths atmosphere c. earths description d. earths innersphere

c. earths description

refers to the study of the environment, people and the resource they use a. human and physical geography b. cultural geography c. physical geography d. human geography

a, human and physical geography

the phenomenon studied in human geography a. land forms b. plants c. transportation d. animals

c. transportation

it deals with the natural features of the earth a. geography b. human geography c. physical geography d. human and physical geography

c. physical geography

it refers to the elements of geography a. psychological and human geography b. physical and personal geography c. ecology and human geography d. physical and human geography

d. physical and human geography

it refers to the study of the earths surface including peoples responses to topography and climate as well as the soil, vegetation, distribution and interaction of the different phenomena on earth a. demographics b. ecology c. biodiversity d. geography

d. geography

it is fundamentally concerned with the ways in which patterns on earths surface reflect and influence physical and human processes a. geography b. human geography c. physical geography d. human and physical geography

a. geography

it is the study of human use and understanding of the world, the spatial and organizational human activity and its interrelationships with the physical environment a. geography b. human geography c. physical geography d. human and physical geography

b. human geography

it gives emphasis to the study of mans imprints upon the earth, such as the distribution of population, various settlement patterns and the features resulting from mans productive activities in earning and living fall within this division a. biogeography b. human geography c. geomorphology d. ecology

b. human geography

it is the systematic study of the origin, distribution and significance of the major physical features of the earth such as land-forms, climates, topography, oceans, geographical arrangement of people and natural resources and numerous other factors illustrate the role of the physical elements as the backdrop of human behavior or their relationship to one another a. human geography b. physical geography c. geography d. ecology

b. physical geography

it deals with the study of the distribution of cultural traits such as customs, traditions, taboos, religions, dialects, dwellings a. cultural geography b. human geography c. geomorphology d. ecology

a. cultural geography

it deals with the study of the numbers and distribution of people and also related to demography, the statistical study of the population a. cultural geography b. human geography c. population geography d. ecology

c. population geography

refers to the study of the widely varying economic conditions across the earth a. cultural geography b. human geography c. financial geography d. economic geography

d. economic geography

it deals with the study of the relationship between political units such as provinces or states, nations, or union of nations a. population geography b. human geography c. political geography d. boundary geography

c. political geography

refers to the study of cities with the important roles cities play in the life of a nation a. city geography b. urban geography c. rural geography d. national geography

b. urban geography

it analyzes differences and similarities in climate from place to place. It considers wind movements, cloud formation, temperature changes, and precipitation of all kinds a. meteorology b. geomorphology c. physiology d. climatology

d. climatology

it refer to the study of land and water forms as well as the development of irregularities in the surface of the earth like: glaciations, river floodplains, underground cove, shorelines, coral reefs, sand dunes, volcanic features, and erosion cycle a. biogeography b. geomorphology c. climatology d. meteorology

b. geomorphology

it is the scientific study of population characteristics a. geography b. ecology c. demography d. gynecology

c. demography

the following are phenomena studied in human geography, except a. population b. settlements c. economic activities d. environment

d. environment

the major phenomena studied in physical geography is a. agricultural system b. political system c. urban system d. environment

d. environment

one of the following is not a phenomena studied in physical geography a. land form b. plants c. animals d. transportation

d. transportation

these are phenomena studied in physical geography except a. land forms b. rocks and minerals c. transportation d. climate and weather

c. transportation

it occurs through migration, trade and cultural diffusion a. movement b. location c. place d. human-environment interaction

a. movement

it describes an area that has its own unifying characteristics. This is done politically a. Region b. Province c. City d. Municipality

a. Region

a description of Philippines as a tropical climate country falls for a theme a. place b. region c. location d. movement

a. place

the Philippines is the only asian catholic country, is a description that categorize philippines in the following a. place b. location c. region d. movement

c. region

korean novels ranked 1st in the evening show is a statement showing cultural diffusion and is in the following theme of study in human and physical geography a. place b. region c. location d. movement

d. movement

it describes how people change their environment or adopt to it a. movement b. location c. place d. human-environment interaction

d. human-environment interaction

it describes the physical and human characteristics of an area like landforms, waterforms, climate, language, religion, social activities, etc. a. movement b. location c. place d. human-environment interaction

c. place

it covers all the sciences including ecology, geology, and climatology or phenology that deals with the environment a. environmental science b. economic geography c. geography d. ecology

a. environmental science

a location description which says, the Philippine Sea to the east, the Celebes Sea to the south, and the South China Sea to the west and north bound Philippine archipelago description is a. Relative location b. Locational Reference c. Specific Location d. Absolute location

a. Relative location

a description that says, the Philippines is located between 6 deg 40 minutes, and 126 deg 34 minutes East longitudinal and 4 deg 40 minutes and 21 deg 10 minutes North is called a. Locational reference b. Absolute location c. Exact location d. Specific location

b. Absolute location

it is a territory or part of a territory lying wholly within the boundaries of another a. enclave b. exclave c. extraterritoriality d. quadripoint

a. enclave

it is one which is politically attached to a larger piece but not actually contiguous with it a. enclave b. exclave c. extraterritoriality d. quadripoint

b. exclave

refers to the study of the relationship between human beings relative to their physical environment and cultural behaviors a. biogeography b. human geography c. geomorphology d. ecology

d. ecology

it is the degree of variation of life forms within an ecosystem, biome, or an entire planet. It is the measure of health of an ecosystem a. biodiversity b. ecology c. demography d. geography

a. biodiversity

it refers to progressive change in plant and animal life of an area a. biosphere b. succession c. demography d. ecosystem

b. succession

basic unit of life a. oxygen b. cells c. water d. bacteria

b. cells

larger units of organization that categorizes regions of the earths ecosystems mainly according to the structure and composition of vegetation a. cells b. biomes c. organisms d. community

b. biomes

regions of the earth (atmosphere, hydrosphere, lithosphere) where organisms exist a. biomass b. continent c. biosphere d. oceans

c. biosphere

ecosystem that are found only land a. aquatic ecosystem b. biosphere c. terrestrial ecosystem d. biomass

c. terrestrial ecosystem

are the non-living component of ecosystem a. biotic component b. electric component c. abiotic component d. mini component

c. abiotic component

ecosystem that are in the body of water a. biosphere b. terrestrial ecosystem c. aquatic ecosystem d. biomass

c. aquatic ecosystem

are the autotrophic components of the plankton community a. planktons b. ashkelon c. phytoplankton d. skeleton

c. phytoplankton

a species is able to persist and maintain stable population sizes a. habitat b. biodiversity c. niche d. ecology

c. niche

are the surrounding of an organism including the physical and chemical environment and other organisms with which it comes to contact? Often referring to factors affecting our quality of life a. ecology b. community c. environment d. ecosystem

c. environment

are the living and non living materials in the environment a. food chain and food webs b. natural resources c. inventories d. components

c. inventories

any contiguous living system (such as plant, animal, fungus or micro-organisms) a. cells b. tundra c. organism d. savana

c. organism

describes the environment over which a species is known to occur and the type pf community that is formed as a result a. biodiversity b. habitat c. ecosystem d. environment

b. habitat

study of the relations that living organisms have with respect to each other and their natural environment a. environment b. ecology c. biology d. zoology

b. ecology

the study of the functions of living system a. ecology b. physiology c. biology d. geology

b. physiology

refers to the study in understanding the physical effects of adding greenhouse gases to the atmosphere radiation balance a. biogeography and oceanology b. geomorphology and hydrology c. geomorphology and pedogenesis d. climatology and meteorology

d. climatology and meteorology

it is the science of genes, heredity, and variations of living organisms a. physiology b. biology c. genetics d. geology

c. genetics

is an organism that produces complex organic compounds from simple inorganic molecules using energy from light or inorganic chemical reaction a. monotroph b. autotroph c. hypetroph d. heterotroph

b. autotroph

an organism that does not require oxygen for growth a. anaerobic organism b. oxygen microbes c. aerobic organism d. hybernated bacteria

a. anaerobic organism

are substances that act as catalysts, starts or speeds up reactions, necessary to the working of any creature a. enzymes b. carbohydrates c. enegry d. fuel

a. enzymes

are representations of the predator-prey relationships between species within an ecosystem or habitat a. autotrophs b. food chains and food webs c. heterotrophs d. food factories

b. food chains and food webs

a group of individuals belonging to one species living in an area a. inhabitants b. population c. immigrants d. community

b. population

populations of organism of different species that interact with one another a. environment b. community c. integration d. migration

b. community

another term for conflicting use

variance