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IAAO 400 - Review Questions with 100% Correct Answers

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IAAO 400 - Review Questions with 100% Correct Answers

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IAAO 400 - Review Questions



A property assessment system organizes resources to carry out the primary assessment responsibilities
of _______, _________, and __________ properties, in accordance with property tax laws and
regulations. - Answer-discovery

listing

valuing



Standards of practice are necessary to ensure: - Answer-Appraisal accuracy

Work is finished on time

Staff and resources are used wisely



All of the above



Ratio studies are often used for oversight purposes. However, they can also be used for internal
________ _________ in an effective assessment system. - Answer-quality control



The legal framework in an effective assessment system requires ___________ reappraisals. - Answer-
annual



The assessor's role or responsibility in the property assessment system is that of a _________. - Answer-
manager

, The process of influencing individuals and groups to set and achieve goals is the definition of
____________. - Answer-leadership



What are the four resources that management must have in order to achieve the goals of the
organization? - Answer-Human

Financial

Material

Information



List the four basic managerial functions: - Answer-Planning

Organizing

Directing

Controlling



Which of the four basic managerial functions provides the basis for the other managerial functions? -
Answer-Planning



List the three necessary management skills: - Answer-Technical

Human

Conceptual



Which classical principle establishes the hierarchical structure of the organization, commonly called the
"chain of command"? - Answer-Scalar principle



The ___________ of management is comprised of subunits that are dependent on each other to
accomplish all of the required tasks of the organization. - Answer-systems school

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