The Cost to Replace or Replicate Property at Today's Prices

question 46

Multiple Choice

The cost to replace or replicate property at today's prices is described by________.

• A)real property
• B)personal property
• C)replacement value of property
• D)actual cash value

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Definitions:

Hierarchy Principle

A principle stating that organizations are structured in a series of levels of authority, with each level accountable to the level above.

Progression Principle

In fitness and training, the concept that the intensity and duration of exercise must gradually increase to improve fitness levels.

Maslow

A psychologist known for proposing the hierarchy of needs theory, suggesting that people are motivated to fulfill basic needs before moving on to higher levels of need.

Satisfier Factors

Are found in job content, such as a sense of achievement, recognition, responsibility, advancement and personal growth.