CAPS Practice test Questions With Accurate Answers

What is the BEST method to estimate an appropriate base salary for a new hire? - ANSWER-analyze salary surveys and apply results to the regional market When disciplining an employee, a portfolio supervisor must document the specific problematic behaviors and: - ANSWER-specific expectations or remedies Which of the following statements should be included in an employee handbook to minimize a company's legal exposure regarding policies? - ANSWER-It is impossible to cover every workplace situation. Which term is defined as an ongoing, development-drive, long term process that involves talent development and often is assisted by a peer? - ANSWER-mentoring What is the purpose of a narrative in an owner's report? - ANSWER-it explains the reasons for decisions What is the return on investment if a property generates $14,300 in net operating income with an equity investment of $125,000? - ANSWER-11.4% What accounting method records income and expenses in the period in which they are earned or incurred? - ANSWER-accrual basis accounting Which of the following conditions MUST be present for positive leverage to occur? - ANSWER-the property produces a higher return than the loan's interest rate