Question 1

The rate used to determine the sales price of a hotel at the end of a holding period is called the terminal capitalization rate.

Accepted Answer

A) True 
 B)False

Question 2

The discount rate used in the yield capitalization process is called the direct capitalization rate.

Accepted Answer

A) True 
 B)False

Question 3

The first step in the appraisal process is to understand the nature of the appraisal problem.

Accepted Answer

A) True 
 B)False

Question 4

The value in a forced sale is

Accepted Answer

A) market value. 
B) assessed value. 
C) liquidation value. 
D) sale value. 
A) market value. 
B) assessed value. 
C) liquidation value. 
D) sale value.

Question 5

Market value is usually the same as assessed value.

Accepted Answer

A) True 
 B)False

Question 6

The final reconciliation of value should

Accepted Answer

A) be an average of all the approaches used. 
B) ignore the approaches not used. 
C) be based on the approach that is considered the most reliable. 
D) none of the above. 
A) be an average of all the approaches used. 
B) ignore the approaches not used. 
C) be based on the approach that is considered the most reliable. 
D) none of the above.

The rate used to determine the sales price of a hotel at the end of a holding period is called the terminal capitalization rate.

The discount rate used in the yield capitalization process is called the direct capitalization rate.

The first step in the appraisal process is to understand the nature of the appraisal problem.

The value in a forced sale is

Market value is usually the same as assessed value.

The final reconciliation of value should

Introduction

Financial Markets and Financial Instruments

Review of Financial Statements and Selected Ratios

The Relationship Between Risk and Return

Time Value of Money

Fixed Income Securities: Bonds and Preferred Stock

Common Stock

Cost of Capital

Introduction to Capital Budgeting and Cash Flow Estimation

Capital Budgeting Decision Methods

Capital Structure

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Exam 11: An Introduction to Hotel Valuation

The rate used to determine the sales price of a hotel at the end of a holding period is called the terminal capitalization rate.

The discount rate used in the yield capitalization process is called the direct capitalization rate.

The first step in the appraisal process is to understand the nature of the appraisal problem.

The value in a forced sale is

Market value is usually the same as assessed value.

The final reconciliation of value should

Introduction

Financial Markets and Financial Instruments

Review of Financial Statements and Selected Ratios

The Relationship Between Risk and Return

Time Value of Money

Fixed Income Securities: Bonds and Preferred Stock

Common Stock

Cost of Capital

Introduction to Capital Budgeting and Cash Flow Estimation

Capital Budgeting Decision Methods

Capital Structure

Filters