A Real Estate Licensee Should Have a Basic Understanding of Construction

question 26

Multiple Choice

A real estate licensee should have a basic understanding of construction terms. One thing he or she should know is that the foundation of a standard built home rests upon the:

• A) floor joist
• B) sole plate
• C) footing
• D) collar beam

---

Definitions:

J/L Ratio

A ratio used in economic models to represent some aspect of the economy, though the exact interpretation can vary depending on the specific context (e.g., job-to-liquidity ratio, job-to-loss ratio); further context is needed for a precise definition.

Cartoonists' Labor

The work and effort put forth by cartoonists in creating animated or static cartoons, often considered a form of artistic labor.

Cartoonists' Labor

The effort and work performed by individuals skilled in creating cartoons, either for entertainment or commentary.

Production Function

A mathematical equation describing the maximum output of a system given certain inputs and resources.