Introduction to Business

Chapter 32: Real Estate and Other Investment Options

Chapter Practice Review Quizzes

1
Which is NOT a type of residential property?
A)single-family homes
B)multi-unit housing
C)office buildings
D)manufactured homes
2
Which term refers to a multi-unit house that is divided into two halves?
A)a cooperative
B)a condominium
C)a townhouse
D)a duplex
3
Which term refers to a multi-unit house which is a jointly-owned apartment building?
A)a cooperative
B)a condominium
C)a townhouse
D)a duplex
4
Which term refers to the money that a potential home buyer must provide in order to obtain a home mortgage loan?
A)property loan
B)mortgage
C)down payment
D)equity
5
How old must you be to buy real estate on your own?
A)15 years old
B)18 years old
C)21 years old
D)23 years old
6
Which is NOT a factor that affects the value of a house?
A)owner's mortgage
B)size
C)location
D)quality
7
Which term refers to the value of a piece of property less the amount still owed on the loan used to purchase it?
A)the property loan
B)the down payment
C)the mortgage
D)the equity
8
Which is NOT an example of commercial rental property?
A)warehouses
B)offices
C)restaurants
D)duplexes
9
Which term refers to unused land intended only for investment purposes?
A)income property
B)rental property
C)undeveloped property
D)residential property
10
Which term refers to protection or defense against loss?
A)hedge
B)investment
C)dividend
D)capital gain
11
Which is NOT considered to be a precious metal?
A)gold
B)emerald
C)silver
D)platinum
12
Which statement explains an advantage to investing in precious gems?
A)People have prized precious gems throughout history.
B)Gems are not easily converted to cash.
C)It can be difficult to determine the quality of a gem.
D)Political unrest can affect supply and demand.
13
Which is an example of a commodity?
A)antiques
B)platinum
C)emeralds
D)corn
14
Which is an example of a collectible?
A)antiques
B)platinum
C)emeralds
D)corn
15
Which term refers to the crime of obtaining money or some other benefit by deliberate deception?
A)opportunity cost
B)investing
C)fraud
D)equity
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