When Using the Cost Approach to Valuation,current Market Data for Land

question 4

True/False

When using the cost approach to valuation,current market data for land values must be obtained.

---

Definitions:

Proximity

The physical or psychological closeness between people, often influencing attraction and relationships.

Propinquity

The phenomenon wherein people are more likely to form friendships or relationships with those who are geographically close or frequently encountered.

Positively Correlated

A relationship between two variables in which both variables move in the same direction.

Proximity

The physical closeness between people which can influence attraction and relationship formation.