In the Housing Market, Rents Serve the Purpose of

question 22

Multiple Choice

In the housing market, rents serve the purpose of

• A) making landlords rich.
• B) rationing the availability of existing housing.
• C) providing an entry by the government into the housing market.
• D) increasing tax collections by the community.

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Definitions:

Cash Collections

The process of gathering all payments or monies received by the company from its customers against sales or services.

Planning

A phase of the management process whereby objectives are outlined and courses of action determined.

Controlling

A phase in the management process that consists of monitoring the operating results of implemented plans and comparing the actual results with the expected results.

Goal Conflict

A situation where different parties have objectives that are at odds with one another, leading to tension or disagreement.