Which of the following statements about cost and value is true?

Study for the California Real Estate Exam with confidence. Engage with interactive questions designed to enhance your understanding of real estate principles, laws, and practices. Prepare thoroughly for your licensing test and ensure you have the knowledge to succeed in your real estate career!

Multiple Choice

Which of the following statements about cost and value is true?

Explanation:
Cost and value are not always the same. Choice A and C are incorrect because they make absolute statements that do not always hold true. Choice D is incorrect because cost and value do not always have a set relationship in terms of which is higher. They may be the same or cost may be higher than value, depending on the context and perspective. Choice B is the most accurate statement as it acknowledges that cost and value may be equal, but also recognizes that they may not be.

Cost and value are not always the same. Choice A and C are incorrect because they make absolute statements that do not always hold true. Choice D is incorrect because cost and value do not always have a set relationship in terms of which is higher. They may be the same or cost may be higher than value, depending on the context and perspective. Choice B is the most accurate statement as it acknowledges that cost and value may be equal, but also recognizes that they may not be.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy