ESG Midterm Review || 100% Verified Solutions.
Real Estate, as defined in this class, includes correct answers Land, Infrastructure, Rights that
run with the land that are above the land, Improvements, Rights that are below the land
When we consider a building, which most appropriately describes it (choose one): correct
answers A loation for activities, A place to generate rents (a factory producing rents)
According to Prof K, while there may be some "dips" or short periods of decrease, the share of
population living in urbanized areas has increased constantly for 12,000 years, despite any
pandemics, changes in the nature of work, or de-urbanization. correct answers True
The first cities were created due to the invention of agriculture, and served primarily as locations
for markets and to purchase goods. correct answers False
Although up until recently, we primarily thought of real estate and cities in terms of their
economic impact, that is not in fact the story of the history of civilization -- it takes 5,000 yars
before there is a primary economic purpose to cities (as defined financially, with money). correct
answers True
Co-working represents one of the recent (late 20th/early 21st century) evolutions of the nature of
office work. It was primarily enabled by the invention of computers. correct answers False
The history and purpose of cities has dominated by the use of office. Without offices, the purpose
of cities is unclear.
True correct answers False
The main difference between commercial real estate (vs. owner-occupied) is: correct answers
Commercial real estate has an intermediary between the user and the real estate
, Net Operating Income or "NOI" is defined as: correct answers Total operating revenue minus
total operating expenses in a given year
What determines the allowable improvements on a particular piece of land? correct answers
Zoning
Which of the following are the criteria for highest and best use (choose any/all that apply):
correct answers Legally permissible, Physically possible, Financially feasible, Maximally
Productive
`The four commercial real estate property types (the "four food groups") include (select the four
that apply): correct answers Office, Industrial, Multi-F, Retail
According to the Geltner reading, there are three centripetal (centralizing) forces that cause cities
to coalesce. These are (select three): correct answers Economies of scale -- it is cheaper and more
efficient to produce more of a good or service in larger volume at fewer
sites.................Economies of agglomeration -- cost or productivity advantages to the clustering
of firms or work sites physically near each other..............Positive locational externalities -- one
firm benefits from the nearby location of another firm without the first firm being able to capture
all the benefits for itself
Which of the following are true about economics (choose any/all that apply): correct answers It
is the study of scarcity and choice allocation to maximize utility...........It involves the sources of
supply and demand
Markets have many definitions, but it can be said that a market is the process by which the prices
of goods and services are established. correct answers True
Quantity demanded tends to be ________ at higher prices. correct answers Lower
Market equilibrium is achieved when _____ and ____ intersect on a stabilized curve. correct
answers Price, Quantity
Real Estate, as defined in this class, includes correct answers Land, Infrastructure, Rights that
run with the land that are above the land, Improvements, Rights that are below the land
When we consider a building, which most appropriately describes it (choose one): correct
answers A loation for activities, A place to generate rents (a factory producing rents)
According to Prof K, while there may be some "dips" or short periods of decrease, the share of
population living in urbanized areas has increased constantly for 12,000 years, despite any
pandemics, changes in the nature of work, or de-urbanization. correct answers True
The first cities were created due to the invention of agriculture, and served primarily as locations
for markets and to purchase goods. correct answers False
Although up until recently, we primarily thought of real estate and cities in terms of their
economic impact, that is not in fact the story of the history of civilization -- it takes 5,000 yars
before there is a primary economic purpose to cities (as defined financially, with money). correct
answers True
Co-working represents one of the recent (late 20th/early 21st century) evolutions of the nature of
office work. It was primarily enabled by the invention of computers. correct answers False
The history and purpose of cities has dominated by the use of office. Without offices, the purpose
of cities is unclear.
True correct answers False
The main difference between commercial real estate (vs. owner-occupied) is: correct answers
Commercial real estate has an intermediary between the user and the real estate
, Net Operating Income or "NOI" is defined as: correct answers Total operating revenue minus
total operating expenses in a given year
What determines the allowable improvements on a particular piece of land? correct answers
Zoning
Which of the following are the criteria for highest and best use (choose any/all that apply):
correct answers Legally permissible, Physically possible, Financially feasible, Maximally
Productive
`The four commercial real estate property types (the "four food groups") include (select the four
that apply): correct answers Office, Industrial, Multi-F, Retail
According to the Geltner reading, there are three centripetal (centralizing) forces that cause cities
to coalesce. These are (select three): correct answers Economies of scale -- it is cheaper and more
efficient to produce more of a good or service in larger volume at fewer
sites.................Economies of agglomeration -- cost or productivity advantages to the clustering
of firms or work sites physically near each other..............Positive locational externalities -- one
firm benefits from the nearby location of another firm without the first firm being able to capture
all the benefits for itself
Which of the following are true about economics (choose any/all that apply): correct answers It
is the study of scarcity and choice allocation to maximize utility...........It involves the sources of
supply and demand
Markets have many definitions, but it can be said that a market is the process by which the prices
of goods and services are established. correct answers True
Quantity demanded tends to be ________ at higher prices. correct answers Lower
Market equilibrium is achieved when _____ and ____ intersect on a stabilized curve. correct
answers Price, Quantity
