,MULTIPLE CHOICE - Choose the one alternative that best completes the statement or
answers the question. Answers At The End Of Chapter
1) When viewed as a tangible asset, real estate can be defined as the land and its permanent
improvements. Improvements on the land include:
1)
A) fences.
B) walkways.
C) sewer systems.
D) streets.
2) The term real estate is used in three fundamental ways. When real estate is defined as the
land and its improvements, it is being viewed as purely a(n):
2)
A) tangible asset.
B) intangible asset.
C) parallel asset.
D) personal asset.
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,3) The term real estate is used in three fundamental ways. When real estate is defined as a
bundle of rights associated with ownership and the use of the site and improvements, it is
being viewed as purely a(n):
3)
A) tangible asset.
B) intangible asset.
C) parallel asset.
D) personal asset.
4) All of the following are examples of an improvement on the land EXCEPT:
A) fences.
B) building.
C) walls.
D) streets.
4)
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, 5) Real estate is defined as land and its permanent improvements. Which of the following is an
example of an improvement to the land?
5)
A) fence
B) building
C) water and sewer systems
D) personal property
6) Real estate consists of the physical structures and infrastructure that accompany the land. All
of the following are examples of an improvement to the land EXCEPT:
6)
A) walkways.
B) the building and parking lot.
C) sewer system.
D) streets.
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answers the question. Answers At The End Of Chapter
1) When viewed as a tangible asset, real estate can be defined as the land and its permanent
improvements. Improvements on the land include:
1)
A) fences.
B) walkways.
C) sewer systems.
D) streets.
2) The term real estate is used in three fundamental ways. When real estate is defined as the
land and its improvements, it is being viewed as purely a(n):
2)
A) tangible asset.
B) intangible asset.
C) parallel asset.
D) personal asset.
Version 1 1
,3) The term real estate is used in three fundamental ways. When real estate is defined as a
bundle of rights associated with ownership and the use of the site and improvements, it is
being viewed as purely a(n):
3)
A) tangible asset.
B) intangible asset.
C) parallel asset.
D) personal asset.
4) All of the following are examples of an improvement on the land EXCEPT:
A) fences.
B) building.
C) walls.
D) streets.
4)
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, 5) Real estate is defined as land and its permanent improvements. Which of the following is an
example of an improvement to the land?
5)
A) fence
B) building
C) water and sewer systems
D) personal property
6) Real estate consists of the physical structures and infrastructure that accompany the land. All
of the following are examples of an improvement to the land EXCEPT:
6)
A) walkways.
B) the building and parking lot.
C) sewer system.
D) streets.
Version 1 3
