Quiz History: Chapter 13 Quiz

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Chapter 13 Quiz Results for LARRISHA CALHOUN Answers will be shown after your last attempt Score for this attempt: 19 out of 20 Submitted Nov 20 at 9:08pm This attempt took 5 minutes. 1 / 1 pts Question 1 A cement plant is most likely to be found in an area that is zoned: commercial light industrial heavy industrial for nonconforming uses 1 / 1 pts Question 2 A manufacturing company leases land in an industrial park near the freeway for a 99-year term; it then constructs a customized factory on the land for its own use. This describes a: 1031 exchange fully net lease ground lease
sale-leaseback 1 / 1 pts Question 3 A new industrial building has a high ceiling and little interior finishing; it is suitable for a wide variety of warehousing or light manufacturing uses. This is a: mixed-use building shell building multi-tenant building special purpose building 1 / 1 pts Question 4 A use clause in an industrial lease is least likely to place limitations on: emitting more pollutants making a product that competes with one made by a neighboring tenant switching to a heavier manufacturing process using environmentally hazardous chemicals
1 / 1 pts Question 5 Acme Measurement Devices, a small maker of customized precision electronics, doesn't need to locate near a source of natural resources or cheap utilities; it doesn't need to locate near transportation arteries or in an area with a large pool of unskilled labor. In fact, it doesn't really need to locate anywhere in particular, so it is located in a scenic college town where the quality of life is high and there is access to a well-educated workforce. This is a: footloose industry labor oriented industry market oriented industry resource oriented industry 1 / 1 pts Question 6 All of the following are issues in managing any type of commercial property. Which is of special concern in connection with industrial property? Pass-through expenses Trust fund handling How square footage is measured Fire safety
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1 / 1 pts Question 7 An example of a single purpose industrial building would be a/an: airplane hangar manufacturing building with high-volume water capacity refrigerated warehouse shell building 1 / 1 pts Question 8 An industrial property manager is performing a regional analysis. This will involve consideration of all of the following, except: demographics tax incentives utilities zoning 1 / 1 pts Question 9
An insurance clause in an industrial lease may require the tenant to maintain all of the following types of insurance policies, except: boiler and machinery insurance commercial general liability insurance pollution liability insurance E&O insurance 1 / 1 pts Question 10 Because of the length of most industrial leases, they are very likely to include a/an: use clause escalation clause implied warranty of habitability option to renew 1 / 1 pts Question 11 If an industrial park is organized as a condominium:
one owner owns the entire park and leases individual buildings to tenants each building in the park is owned by its user owners form an owners association, which charges dues to cover management of the park's common areas Both b) and c) 1 / 1 pts Question 12 Instead of (or in addition to) a corporate income tax, a minority of states impose a tax on businesses that doesn't allow deductions for expenses such as rent or payroll. This is known as a/an: estate tax gross receipts tax payroll tax sales tax 1 / 1 pts Question 13 One of the following measurements of square footage would include not only an industrial tenant's shop floor, but also stairwells, HVAC equipment rooms, and a percentage of any common areas shared with
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other tenants. This would be the: cubic footage net square footage rentable square footage usable square footage 1 / 1 pts Question 14 The manager of an industrial property is most likely to have to engage in extensive special reporting to the property owner in a situation involving: improving the property's insurance coverage a change in the property tax assessment environmental cleanup of the property increased operating expenses for maintenance 1 / 1 pts Question 15 The marketing and leasing of an industrial property is usually handled by a/an:
industrial broker insurance broker property manager property owner 0 / 1 pts Question 16 Incorrect Incorrect The town of Big River is located next to one of the nation's largest hydroelectric dams. As a result, electrical power is remarkably inexpensive there. The town has had an aluminum plant for many years, and now a data center with servers for large online companies is being built there. This town attracts: energy oriented industries labor oriented industries resource oriented industries transportation oriented industries 1 / 1 pts Question 17 Troy manages an older mill property in a northeastern city. It's in an excellent location near the city center, but it has five floors with low ceilings, which isn't conducive to modern manufacturing methods. Troy proposes to the owner that the building might be extensively remodeled
to change it into a warehouse or a self-storage facility. He also suggests a riskier strategy that might pay off long-term: convert the building to office space and hope the central business district expands in the direction of the property. Troy is engaged in a/an: analysis of alternatives market analysis neighborhood analysis property analysis 1 / 1 pts Question 18 Under an industrial gross lease, the tenant pays: a flat rent plus its own utilities throughout the lease term, with no other operating expenses a flat rent during the first year, with increases in the operating expenses added to the rent in subsequent years a flat rent plus a percentage of its gross receipts throughout the lease term
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a variable rent plus all of the operating expenses throughout the lease term 1 / 1 pts Question 19 Which of the following government incentives would probably be of the most help to a firm that imports and exports goods to and from other countries? Foreign trade zone Industrial revenue bonds State-paid job training program Temporary property tax reduction 1 / 1 pts Question 20 Which type of property is most likely to have a lease that runs for twenty years? Apartment Manufacturing plant Office space in downtown skyscraper Retail space in strip mall
Quiz Score: 19 out of 20