IAAO 300 UPDATED EXAMS TEST PAPER
QUESTIONS AND ANSWERS SURE A+
✔✔sales ratio study - ✔✔A _________ plays a key role in summarizing the
achievements of a new system or reappraisal and in preparing for the next reappraisal
✔✔Specification, calibration, quality assurance - ✔✔Model development has what
components?
✔✔Continuous - ✔✔_________ data can take any value in a given range and is often
based on measurements
✔✔binary - ✔✔_________ data is qualitative items that have only two possibilities, for
example yes or no
✔✔soft - ✔✔A _________ data edit produces a warning to the operator indicating the
entry may be invalid
✔✔hard - ✔✔A _________ data edit precludes the operator from making certain entries
✔✔Histogram - ✔✔A _________ is a graphical representation of a frequency
distribution
, ✔✔95-mean - ✔✔When data is normally distributed, _________ percent will be within
two standard deviations of the _________
✔✔crosstabulation - ✔✔A good way to show the distribution of qualitative variables is
_________
✔✔dependent, independent - ✔✔Scatter diagrams show the relationship between
_________ and _________ variables
✔✔generic/hybrid - ✔✔Cost models follow the structure of the _________ models
✔✔Cost manuals - ✔✔_________ should contain; replacement cost tables,
depreciation schedules, guidelines
✔✔direct - ✔✔Material labor, and supervision are _________ costs
✔✔reproduction - ✔✔_________ is the cost for constructing an identical structure
✔✔indirect - ✔✔Insurance, architectural, and engineering fees are examples of
_________ costs.
✔✔replacement - ✔✔_________ is the cost of constructing a substitute structure of
equal utility
✔✔horizontal - ✔✔Floors and roofing are examples of _________ cost components
✔✔market - ✔✔depreciation schedules must reflect differences in building and
construction types and must be derived from the _________
✔✔square foot - ✔✔when applying the comparative unit method, costs are expressed
on a per _________ basis
✔✔quantity survey - ✔✔proper application of the _________ method requires detailed
knowledge of construction
✔✔entrepreneurial incentive - ✔✔_________ is the amount one expects to receive for
his or her contribution to a project that includes risk
✔✔a. cluster analysis
b. global model with location adjustments
c. geographical stratification - ✔✔The three approaches to stratification and location
analysis are:
QUESTIONS AND ANSWERS SURE A+
✔✔sales ratio study - ✔✔A _________ plays a key role in summarizing the
achievements of a new system or reappraisal and in preparing for the next reappraisal
✔✔Specification, calibration, quality assurance - ✔✔Model development has what
components?
✔✔Continuous - ✔✔_________ data can take any value in a given range and is often
based on measurements
✔✔binary - ✔✔_________ data is qualitative items that have only two possibilities, for
example yes or no
✔✔soft - ✔✔A _________ data edit produces a warning to the operator indicating the
entry may be invalid
✔✔hard - ✔✔A _________ data edit precludes the operator from making certain entries
✔✔Histogram - ✔✔A _________ is a graphical representation of a frequency
distribution
, ✔✔95-mean - ✔✔When data is normally distributed, _________ percent will be within
two standard deviations of the _________
✔✔crosstabulation - ✔✔A good way to show the distribution of qualitative variables is
_________
✔✔dependent, independent - ✔✔Scatter diagrams show the relationship between
_________ and _________ variables
✔✔generic/hybrid - ✔✔Cost models follow the structure of the _________ models
✔✔Cost manuals - ✔✔_________ should contain; replacement cost tables,
depreciation schedules, guidelines
✔✔direct - ✔✔Material labor, and supervision are _________ costs
✔✔reproduction - ✔✔_________ is the cost for constructing an identical structure
✔✔indirect - ✔✔Insurance, architectural, and engineering fees are examples of
_________ costs.
✔✔replacement - ✔✔_________ is the cost of constructing a substitute structure of
equal utility
✔✔horizontal - ✔✔Floors and roofing are examples of _________ cost components
✔✔market - ✔✔depreciation schedules must reflect differences in building and
construction types and must be derived from the _________
✔✔square foot - ✔✔when applying the comparative unit method, costs are expressed
on a per _________ basis
✔✔quantity survey - ✔✔proper application of the _________ method requires detailed
knowledge of construction
✔✔entrepreneurial incentive - ✔✔_________ is the amount one expects to receive for
his or her contribution to a project that includes risk
✔✔a. cluster analysis
b. global model with location adjustments
c. geographical stratification - ✔✔The three approaches to stratification and location
analysis are:
