IAAO 400 EXAM QUESTIONS WITH
100% CORRECT ANSWERS
The ________________ is an effective graphic planning told for measuring progress of
the organization after the plan has been implemented. - Answer- Gantt Chart
Accuracy of data entry is an essential element in developing accurate valuations for
assessment, and various _____________ can also assist in assuring the accuracy of
the data. - Answer- edit checks
In ratio studies, the _________________ is the most widely used measure of appraisal
level. - Answer- median
When determining whether a reappraisal is necessary the _____________________ is
a helpful statistic to measure accuracy of appraised valued by giving the average
percentage miss from the median. - Answer- COD
If uniformity is good but the level is low can the values be trended? - Answer- Yes
If the median and mean ratios stratified by heating type all have a level around one, this
stratification has good _________ equity. - Answer- horizontal
Low dollar properties are over-appraised relative to high dollar properties. This is an
example of poor _______ equity and should equate to a price related differential
________ one. - Answer- vertical equity; above
A box plot provides a significant amount of information about values within a group. The
box itself represents ____ percent of the data and the black line through the box
represents the ______. - Answer- 50; median
_____________________________________ is the practice of adjusting the value of
properties sold without regard to the market analysis performed in setting values for the
population - Answer- Sales chasing
A management term for leading, motivating, and communicating to get things done is -
Answer- Directing
Basic characteristics of well designed evaluation system - Answer- Comprehensive, ,
Identifies Strengths and Weaknesses, Measures the employees ability to successfully to
carry out the responsibility of the position in terms of the job description.
,Whenever possible, the assessor/manager should use ____________ factors in the
performance evaluation - Answer- objective
A property assessment system organizes, resources to carry out the primary
assesssment responsibilities of _______________,_________________,and
__________________ properties in accordance with property tax laws and regulations.
- Answer- Discovery, Listing, Valuing
Standards of practice are necessary to ensure (3) - Answer- Appraisal Accuracy, Work
is Finished on time, Staff Resources are used wisely
Ratio studies are often used for oversight purposes. However, they can also be used for
internal ________ _________ in an effective assessment system. - Answer- quality
control
The legal framework in an effective systems requires _________________
reappraisals. - Answer- annual
The assessors role or responsibility in the property assessment system is that of a
___________________. - Answer- manager
The process of influencing individual and groups to set and achieve goals is the
definition of - Answer- leadership
What are the four resources that management must have to achieve the goals of the
organization. - Answer- Human, Financial, Material, Information
The four basic managerial functions - Answer- planning, organizing, leading, controlling
Which of the four basic managerial functions provides the basis for the other managerial
functions. - Answer- Planning
The three necessary management skills - Answer- Technical, Human, Conceptual
Which classical principle establishes the hierarchal structure of the organization,
commonly called the change of command? - Answer- Scalar Principle
The ______________ ___________________ of management is compromised of
subunits that dependent on each other to accomplish the required tasks of the
organization. - Answer- Systems School
One of the first things that must be done in planning process is to determine the
___________________ status of the organization - Answer- current
, The resources required for the organizations operational plans in monetary terms is the
- Answer- budget
A process of determining how an organization accomplishes its goals and objectives is -
Answer- planning
Measurable specifics that must be accomplished in total, or in some combination, to
achieve the goals in the plan are - Answer- objectives
A well thought out _______________ _______________ is focused on the reasons for
the organizations existence. It should be clear, concise, and realistic. - Answer- mission
statement
Short Range Plans (usually 1 year or less) are also referred to as _____________ plans
- Answer- operational
Charts that show jobs to be done on the vertical axis and time allocations on the
horizontal axis are known as _____________________ charts - Answer- Gantt
A ________________ ________________________ sequences significant events,
incorporating yes or no decisions, but without a time dimension - Answer- flow chart
Staff Cost account for approximately __________-____________ % of the budget for
most jurisdictions - Answer- 80-85
The ________________ budget focuses on how much is spent and for what purpose,
rather than the activity affected. - Answer- line item
When making a budget presentation, good _________ _________ will keep you and
your audience on track, hold interest, and make key points more memorable. - Answer-
visual aids.
SPRT - Answer- Staff, Parcel, Rate, Time
TPRS - Answer- Time, Parcel, Rate, Staff
Most common form of budget - Answer- Line Item Budget
Reviews of progress and performance contribute to effective and efficient operations -
Answer- Monitoring Activities
Procedures in place for monitoring the quality of assessments, editing data, reviewing
appraisals, and reporting time and productivity. - Answer- Monitoring Activities
Classical principles still used today - Answer- Division of labor, scalar principle and span
of control
100% CORRECT ANSWERS
The ________________ is an effective graphic planning told for measuring progress of
the organization after the plan has been implemented. - Answer- Gantt Chart
Accuracy of data entry is an essential element in developing accurate valuations for
assessment, and various _____________ can also assist in assuring the accuracy of
the data. - Answer- edit checks
In ratio studies, the _________________ is the most widely used measure of appraisal
level. - Answer- median
When determining whether a reappraisal is necessary the _____________________ is
a helpful statistic to measure accuracy of appraised valued by giving the average
percentage miss from the median. - Answer- COD
If uniformity is good but the level is low can the values be trended? - Answer- Yes
If the median and mean ratios stratified by heating type all have a level around one, this
stratification has good _________ equity. - Answer- horizontal
Low dollar properties are over-appraised relative to high dollar properties. This is an
example of poor _______ equity and should equate to a price related differential
________ one. - Answer- vertical equity; above
A box plot provides a significant amount of information about values within a group. The
box itself represents ____ percent of the data and the black line through the box
represents the ______. - Answer- 50; median
_____________________________________ is the practice of adjusting the value of
properties sold without regard to the market analysis performed in setting values for the
population - Answer- Sales chasing
A management term for leading, motivating, and communicating to get things done is -
Answer- Directing
Basic characteristics of well designed evaluation system - Answer- Comprehensive, ,
Identifies Strengths and Weaknesses, Measures the employees ability to successfully to
carry out the responsibility of the position in terms of the job description.
,Whenever possible, the assessor/manager should use ____________ factors in the
performance evaluation - Answer- objective
A property assessment system organizes, resources to carry out the primary
assesssment responsibilities of _______________,_________________,and
__________________ properties in accordance with property tax laws and regulations.
- Answer- Discovery, Listing, Valuing
Standards of practice are necessary to ensure (3) - Answer- Appraisal Accuracy, Work
is Finished on time, Staff Resources are used wisely
Ratio studies are often used for oversight purposes. However, they can also be used for
internal ________ _________ in an effective assessment system. - Answer- quality
control
The legal framework in an effective systems requires _________________
reappraisals. - Answer- annual
The assessors role or responsibility in the property assessment system is that of a
___________________. - Answer- manager
The process of influencing individual and groups to set and achieve goals is the
definition of - Answer- leadership
What are the four resources that management must have to achieve the goals of the
organization. - Answer- Human, Financial, Material, Information
The four basic managerial functions - Answer- planning, organizing, leading, controlling
Which of the four basic managerial functions provides the basis for the other managerial
functions. - Answer- Planning
The three necessary management skills - Answer- Technical, Human, Conceptual
Which classical principle establishes the hierarchal structure of the organization,
commonly called the change of command? - Answer- Scalar Principle
The ______________ ___________________ of management is compromised of
subunits that dependent on each other to accomplish the required tasks of the
organization. - Answer- Systems School
One of the first things that must be done in planning process is to determine the
___________________ status of the organization - Answer- current
, The resources required for the organizations operational plans in monetary terms is the
- Answer- budget
A process of determining how an organization accomplishes its goals and objectives is -
Answer- planning
Measurable specifics that must be accomplished in total, or in some combination, to
achieve the goals in the plan are - Answer- objectives
A well thought out _______________ _______________ is focused on the reasons for
the organizations existence. It should be clear, concise, and realistic. - Answer- mission
statement
Short Range Plans (usually 1 year or less) are also referred to as _____________ plans
- Answer- operational
Charts that show jobs to be done on the vertical axis and time allocations on the
horizontal axis are known as _____________________ charts - Answer- Gantt
A ________________ ________________________ sequences significant events,
incorporating yes or no decisions, but without a time dimension - Answer- flow chart
Staff Cost account for approximately __________-____________ % of the budget for
most jurisdictions - Answer- 80-85
The ________________ budget focuses on how much is spent and for what purpose,
rather than the activity affected. - Answer- line item
When making a budget presentation, good _________ _________ will keep you and
your audience on track, hold interest, and make key points more memorable. - Answer-
visual aids.
SPRT - Answer- Staff, Parcel, Rate, Time
TPRS - Answer- Time, Parcel, Rate, Staff
Most common form of budget - Answer- Line Item Budget
Reviews of progress and performance contribute to effective and efficient operations -
Answer- Monitoring Activities
Procedures in place for monitoring the quality of assessments, editing data, reviewing
appraisals, and reporting time and productivity. - Answer- Monitoring Activities
Classical principles still used today - Answer- Division of labor, scalar principle and span
of control
