. Before starting, please check your exam and verify if all the pages are printed properly and are in order.3. Enter your answer for each question on the ANSWER SHEET; note that ONLY the answer sheet will be graded, but please turn in the entire packet.

. Before starting, please check your exam and verify if all the pages are printed properly and are in order.3. Enter your answer for each question on the ANSWER SHEET; note that ONLY the answer sheet will be graded, but please turn in the entire packet.

How to answer:

1. This test contains 40 questions.

2. Choose the BEST answer for each of the multiple choice questions; there is only ONE best answer for each question.

3. Enter your answer for each question on the ANSWER SHEET; note that ONLY the answer sheet will be graded, but please turn in the entire packet.

After the test:

1. At the end of the test, please submit your exam to my through email at yu.liu@csusb.edu.

2. Failing to do so will receive a zero on the exam.

Section1: Multiple choice questions (2.5 points each)

1. An appraisal can be described as a process to produce

A. A statement of value

B. A fixing of value

C. An estimate of value

D. None of the above

2. The value of an object means its

A. Fixed amount

B. Worth, utility or usefulness to someone for some purpose

C. Highest asking price

D. Value for any purpose

3. For appraisal purposes, market value generally ma

Explanation & Answer

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