Which of the following terms refers to the stages that a neighborhood goes through over time? A.a. Growth cycle B.b. Revitalization D.d. Redevelopment Answer Key: C Question 2 of 50 2.0/ 2.0 Points The value principle that states that two adjacent parcels of land combined into one larger parcel could have a greater value than the two parcels valued separately is called A.a. regression. B.b. anticipation. D.d. progression. Answer Key: C Question 3 of 50 0.0/ 2.0 Points The period in which property values are generally at their highest is A.a. growth. C.c. decline. D.d. equilibrium. Question 4 of 50 0.0/ 2.0 Points The term site refers to A.a. a legal description of a plot of land. B.b. land that has been improved. C.c. raw land with no improvements. D.d. land within a certain set of boundaries. Question 5 of 50 2.0/ 2.0 Points The effects of ordinary wear and tear are considered A.a. physical deterioration. B.b. functional obsolescence. C.c. external obsolescence. D.d. accelerated depreciation. Question 6 of 50 2.0/ 2.0 Points Functional obsolescence could be caused by which of the following? A.a. A worn-out roof B.b. A poor location C.c. Deferred maintenance D.d. A ceiling that is too high Question 7 of 50 2.0/ 2.0 Points A house with four bedrooms and one bathroom is an example of A.a. physical deterioration. B.b. functional obsolescence. C.c. external obsolescence. D.d. incurable physical deterioration. Question 8 of 50 2.0/ 2.0 Points An expressway is built near a residential neighborhood resulting in very high traffic noise. This is an example of A.a. physical deterioration. B.b. functional obsolescence. C.c. external obsolescence. D.d. None of the above