Uppose that you are using the Sales Comparison Approach and comparable Sale 1 was sold 18 months ago and Sale 2 was sold today. After adjusting for crop mix and buildings, Sale 1 sold for $950/acre and Sale 2 sold for $1,136.34/acre. a. Use the above information to estimate the percentage time adjustment per month. b. If the time adjustment per month, compounded monthly, is estimated to be 1.2%, what is the dollar time adjustment for Sale 1 and Sale 2

True or flase? a. new technological developments can us adapt to depleting sources of natural resources. b. research and development funds from the government to private industry never pay off for the country as a whole; they only increase the profits of rich corporations. c. in order for fledgling industries in poor nations to thrive, they must receive protection from foreign trade. d. countries with few natural resources will always be poor. e. as long as real gdp (gross domestic product) grows at a slower rate than the population, per capita real gdp increases.

The purpose of safety stock is to: a. eliminate the possibility of a stockout. b. control the likelihood of a stockout due to variable demand and/or lead time. c. eliminate the likelihood of a stockout due to erroneous inventory tally. d. protect the firm from a sudden decrease in demand. e. replace failed units with good ones.

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