Answer:
a. If two similar properties are for sale, a buyer will purchase the cheaper of the two.
Explanation:
The principle of substitution justifies the idea that the maximum value of a property will be set by the selling price of an equally valuable and desirable substitute property. In this case of property sale, if an area has two similar houses and one is being sold for $912,000 and the other is priced at $105,000, buyers will most likely go for the cheaper one. There is no reason to pay more money if they will be getting a similar property at low cost.
Answer:
c. Decreases by 4.5%
Explanation:
Calculation for What is the percentage change in the PV
First step is to calculate the present value when r is 5%
PV = 100 / (1 + 5%)^1
PV = $95.24
Second step is to calculate present value when r is 10%
PV = 100 / (1 + 10%)^1
PV = $ 90.91
Last step is to calculate the percentage change in the PV
Percentage change in the PV = (90.91 - 95.24) * 100 / 95.24
Percentage change in the PV = - 4.55% (Decrease)
Therefore the Percentage change in the PV Decreases by 4.5%
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That would be person-oriented job analysis because it focuses on the knowledge, skills and abilities that is needed to preform a job.
Initiative is an important quality because it proves that you want to do your job or task successfully and independently. Lack of initiative shows laziness and/or low confidence in one's skills.
