IAAO TEST VERSION 2 EXAM LATEST 2026-2027 ACTUAL EXAM
WITH COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS
(100% VERIFIED ANSWERS) |ALREADY GRADED A+| ||PROFESSOR
VERIFIED|| ||BRANDNEW!!!||
Achievement, recognition, the work itself, responsibility,
advancement, personal growth and development - ANSWERS-
Herzberg's Two-Factor Theorys - Satisfiers
significant factors that affect productivity are social &
psychological not physical working conditions or monetary
rewards - ANSWERS-Hawthorne Studies
physiological, safety, social, esteem, self-actualization -
ANSWERS-Maslow's Hierarchy of Needs
the transfer of information and understanding from one person to
another - ANSWERS-Communication
communication that flows from higher to lower levels in an
organization - ANSWERS-downward communication
,2|Page
communication that flows from lower to higher levels in an
organization - ANSWERS-upward communication
communication that flows among managers and workers who are
at the same organizational level - ANSWERS-horizontal
communication
communication that takes place among people on different levels
- ANSWERS-lateral communication
Status, number of links, expansion and contraction, org politics,
economic threats - ANSWERS-Barriers to communication include:
taxes charged on the purchase of specific goods and services -
ANSWERS-Excise taxes
imposed on items (liquor, tobacco, gambling) to increase the end-
purchase price of the goods and thereby discourage their use. -
ANSWERS-Sumptuary taxes
,3|Page
the ability of tax yield to rise and fall w/ the economy and with
revenue needs - ANSWERS-Buoyancy
Accessible by non-lawyers - ANSWERS-Civil law
greater weight attached to court decisions - ANSWERS-Common
law
the most important fed limitation on state taxes - ANSWERS-
Commerce Clause
A centralized government in which all government powers belong
to a single, central agency. - ANSWERS-Unitary Government
a form of government in which power is divided between the
federal, or national, government and the states - ANSWERS-
Federalism
Measures the relationship between ratios & appraised value -
ANSWERS-PRD
, 4|Page
If PRD is <1, then low valued properties are under appraised
relative to high valued properties - ANSWERS-Progressive PRD
If PRD is >1, then low valued properties are over appraised
relative to high valued properties - ANSWERS-Regressive PRD
tax is considered equitable when it pays for services that
consumers desire - ANSWERS-Benefit principle
the idea that taxpayers with similar abilities to pay taxes should
pay the same amount - ANSWERS-horizontal equity
taxpayers who are in unequal economic positions should be
treated differently - ANSWERS-vertical equity
a tax doesn't not distort economic decisions. A uniform broadly
based tax is likely to be neutral - ANSWERS-Neutrality