Which One of the Following Is a True Statement

question 58

Multiple Choice

Which one of the following is a true statement?

• A) It is not possible to overpay for real estate.
• B) Location is the least important factor when making a real estate investment.
• C) There are many factors to consider before investing in real estate.
• D) There is no reason to evaluate a real estate investment because real estate always increases in value sooner or later.
• E) Finding a buyer for a piece of real estate is always easy.

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Definitions:

Description of the Population

Detailed characterization of the individuals or items in a population, including demographics or relevant characteristics.

Central Tendency

A statistical measure that identifies the middle or center of a distribution of data, commonly represented by the mean, median, or mode.

Mean, Median, Mode

Statistical measures where mean is the average of a dataset, median is the middle value, and mode is the most frequently occurring value.

Professionalism

The exhibition of skills, good judgment, and polite behavior expected from a person who is trained to do a job well.