
National Portion Mock Test 2
Authored by Colleen Cramer
Professional Development
Professional Development
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99 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The reduction in value from everyday wear and use is known as:
FUNCTIONAL OBSOLESCENCE
EXTERIOR DETERIORATION
PHYSICAL DETERIORATION
ECONOMIC OBSOLESCENCE
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The illegal practice by a real estate agent of blending personal finances with client funds is called:
QUIET TITLE ACTION
COMMINGLING
CONVERSION
ESCHEAT
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A document detailing a company's financial performance, including earnings and expenditures over a specific period, is:
REVENUE REPORT
BALANCE SHEET
PROFIT AND LOSS STATEMENT
NET DIFFERENTIAL STATEMENT
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Rights concerning the use of flowing water from rivers or streams are:
LITTORAL RIGHTS
RIPARIAN RIGHTS
DUE PROCESS
BUNDLE OF RIGHTS
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Fixtures within a business premise, considered personal property, are:
Business lien
Trade fixture
Trade source
Business item
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A wall that carries not only its own weight but also the load from other parts of the building is:
Support wall
Hip wall
Load-bearing wall
Foundation wall
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Property rights for land adjacent to oceans and lakes are termed:
Avulsion
Riparian
Littoral
Accretion
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