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AAS master exam > on Test > Flashcards

on Test Flashcards

1
Q

basic model structure for the cost approach

A

MV=LV+BV

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2
Q

HYBRID GENERIC MODEL

A

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

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3
Q

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

A

68

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4
Q

PERCENTILES FORMULA

A

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

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5
Q

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

A

HISTOGRAM

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6
Q

________ SHOW SUMMARY STATISTICS FOR A DEPENDENT VARIABLE BY COMBINATIONS OF TWO INDEPENDENT VARIABLES, FOR EXAMPLE, AV SALE PRICE PER SQ FT BY GRADE AND NHBD

A

CONTINGENCY TABLES

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7
Q

SALES RATIO TRENDING IS ___/___

A

TARGET/ACTUAL

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8
Q

BAR CHART OR GRAPH OF FREQUENCY DISTRIBUTION

A

HISTOGRAM

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9
Q

BASIC MODEL STRUCTURE FOR COST APPROACH WOULD BE

A

MV=LV+(RCN-D)

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10
Q 
WHICH ELEMENT IS NOT A PROPERTY CHARACTERISTIC DATA?
LOCATION DATA
LAND/SITE DATA
BUILDING DATA
INCOME AND EXPENSE DATA
A

INCOME AND EXPENSE DATA

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11
Q

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

A

SOFT-HARD

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12
Q

A ___ IS A GRAPHICAL REPRESENTATION OF A FREQ DISTR

A

HISTORGRAM

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13
Q 
WHAT IS THE 3RD QUARTILE OF THIS DATA?
234 322 400 440 476
240 350 400 448 504
286 376 418 456 560
302 380 440 460 640
A

459

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14
Q

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

A

CROSS-TABULATION

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15
Q

TYPES OF COSTS: DIRECT

A

MATERIALS
LABOR
SUPERVISION

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16
Q

TYPES OF COSTS: INDIRECT

A 
ARCH AND ENGIN FEES
PERMITS
INSURANCE
INTEREST
TAXES
MARKETING
OVERHEAD/PROFIT
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17
Q

ALL COSTS ARE EXPRESSED ON A SQ FT BASIS

A

COMPARATIVE UNIT METHOD

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18
Q

MOST COMMON METHOD IN MASS APPRAISAL

A

COMP UNIT METHOD

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19
Q

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

A

cost manuals

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20
Q

The formula for net income model is

A

MV=NOI/OAR

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21
Q

THE FORMULA OF A GROSS INCOME MODEL IS

A

MV=GI*GIM

22
Q

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

A

IN HOUSE

23
Q

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

A

generic

24
Q

ONE OF THE STRENGTHS OF FEEDBACK IS THAT IT

A

PRODUCES SEPARATE LAND AND BUILDING VALUES

25
Q

IN MASS APPRAISAL, COST MODELS FOLLOWS THE STRUCTURE OF

A

HYBRID GENERIC MODELS

26
Q

WHAT IS AN ADVANTAGE TO DEVELOPING SOFTWARE IN HOUSE

A

FULL CUSTOMIZATION

27
Q

TOP DOWN DECISION MAKING-ONE OF THE FIRST MANAGEMENT THEORIES

A

CLASSICAL THEORY OF MANAGEMENT

28
Q

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

A

SCALAR PRINCIPLE

29
Q

PROCESS OF SETTING AND ACHIEVING GOALS THROUGH FUNCTIONS

A

MANAGEMENT

30
Q

BASIC MANAGERIAL FUNCTIONS-PODC

A

PLANNING
ORGANIZING
DIRECTING
CONTROLLING

31
Q

PROCESS OF AN AREA OF SPECIALTY

A

TECHNICAL SKILLS

32
Q

ABILITIES TO COMMUNICATE AND INTERACT WITH OTHER INDIVIDUALS

A

HUMAN SKILLS

33
Q

MANAGERS ABILITY TO CREATE AND MANIPULATE NEW IDEAS

A

CONCEPTUAL SKILLS

34
Q

PROCESS OF INFLUENCING INDIVIDUALS AND GROUPS TO SET AND ACHIEVE GOALS

A

LEADERSHIP

35
Q

3 NECESSARY MANAGEMENT SKILLS-THC

A

TECHNICAL
HUMAN
CONCEPTUAL

36
Q

most common budget

A

LINE-ITEM BUDGET

37
Q

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

A

OBJECTIVES

38
Q

PLANNING AND COORDINATING OF EFFORTS FOR A COMMON PURPOSE

A

ORGANIZING

39
Q

JOBS ACCORDING TO ACTIVITY TO BE DONE

A

FUNCTIONAL DIVISIONS

40
Q

DIVISIONS THAT INCLUDE A SPECIFIC AREA OF THE JURISDICTION ARE CALLED

A

GEOGRAPHIC DIVISIONS

41
Q

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

A

STRATEGIC PLAN

42
Q

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

A

OPERATIONAL PLAN

43
Q

FUNCTIONAL DIVISIONS CATEGORIZE JOBS ACCORDING TO

A

THE ACTIVITY TO BE DONE

44
Q

JOB SHARING, FLEX HOURS, AND TELECOMMUTING ARE EXAMPLES OF

A

NON PAY INCENTIVES

45
Q

PROCESS OF ENTRUSTING ONES AUTHORITY TO A COMPETENT SUBORDINATE

A

DELEGATION

46
Q

EMPLOYEES ADVISE THEIR SUPERVISOR

A

MODERATE

47
Q

MASLOWS HEIRARCHY OF NEEDS PLACES ___ AT THE TOP

A

self actualization

48
Q

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

A

Most common performance evaluation errors

49
Q

Assessors first line of defense

A

Good PR

50
Q

Appraiser must determine the ___ for any assignment

A

scope of work

51
Q

identification of problem requires appraiser to identify:

A 
client
intended use
type of value
subject of assignment
assignment conditions
52
Q

must ___ with client to establish problem identification

A

communicate

AAS master exam (2 decks)

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