Advanced Highest and Best Use Quiz 1 page 138

Which of the four growth models indicates that high, medium, and low income development will tend to occur in selected parts of the urban area?

• concentric circle

• multiple nuclei

• radial corridor

• sector

Most modern cities develoed in accordance with which growth model?

• Concentric zone

• No one model, but a combination of several

• None of the models

• Radial Corridor

The multiple-nuclei model presumes what?

• That growth will move outward from an established core.

• That land uses will locate to form nodes that attract and repel other types of use.

• That new urban development will occur at the urban fringe.

• That urban growth can be predicted based ont he development of major transportation arteries.

The two types of linkages are

• exposure and externalities

• manmade and natural

• radial and sector

• transportation and utility

The Centerville manufacturing industry had a location quotient of 0.40 ten years ago. Now its more like 0.55. What conclusion can be drawn from this?

• Manufacturing is an economic base industry

• The need for manufacturing space declined over hte 10-year period

• The need for manufacturing space will increase in the future

• The need for manufacutring space increased relative to the national need over the 10 year period.

Economic base analysis is a tool that appraisers use to

• Develop highest and best use conclusions

• establish adjustments for economic conditions int he sales comparison approach

• examine employment as an indector of demadn for real estate

• infer household growth

Based on the following information, what is the location quotient for the microchip manufacturing industry in centerville? The total employment in centerville is 50,000. The total employment in teh microchip manufacturing industry is 2,555. The total national employment in microchip manufacturing is 4,215,000 and teh total nationa employment in the US is 138,333,000.

• 1.7

• 3.0

• 5.1

• 84.3

If the manufacturing industry had a location quotient of 0.40 ten years ago, and today it is 0.55, what can be sadi about this region?

• Manufacturing is an economic base industry

• The need for manufacturing space declined over the 10 year period.

• The need for manufacturing space will increase in the future.

• The need for manufacturing space increased relative to the national need over the 10 year period.

The most important funciton of rating grids is to

• Modify Demand Projections

• Modify supply inventory

• Rate location only

• Supply a rationale for subject capture estimates

Property productivity analysis can be used to

• Comparre the subject property with the market standard for that propery type

• Identify stabilized occupancy for the market

• Identify the potential amoutn of new construction

• Provide a final survey of completion