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Question 1   Multiple Choice (1.0000 points)
  Question: The four phases of the business cycle are
 
    inflation, expansion, growth, contraction.
expansion, growth, contraction, revival.
expansion, recession, contraction, revival.
contraction, growth, revival, contraction.
 

 
Question 2   Multiple Choice (1.0000 points)
  Question: The residential rental market corresponds roughly to
 
    cycles in multifamily housing starts.
commercial properties.
industrial property.
construction of new shopping centers.
 

 
Question 3   Multiple Choice (1.0000 points)
  Question: Which of the following best describes a market?
 
    Expansion and contraction phases
Seasonal variations
Cyclic and random changes
Exchange of goods between buyers and sellers
 

 
Question 4   Multiple Choice (1.0000 points)
  Question: Which of the following is the first step in the management plan?
 
    Prepare five-year forecast
Prepare an operating budget
Establish optimum rents
Predict anticipated revenue
 

 
Question 5   Multiple Choice (1.0000 points)
  Question: Which one of the following would be one of the more indirect government actions to influence the economy?
 
    Government decreasing taxes
Downturn in general business economy
Closure of defense facilities
Major plant closing