1.Which is an advantage of purchasing and owning a home?
A.

Homeowners have less control and choice in their lodging than other housing options.
B.

Owning a home provides a partial tax shelter for housing related expenses.
C.

An individual assumes all responsibility for maintenance and repair of owned property.
D.

Property taxes are an opportunity to grow equity.
2.

Which is a disadvantage of purchasing and owning a home?

A.

An individual assumes all responsibility for maintenance and repair of owned property.
B.

An individual has more freedom and choice for owned property than rented lodging.
C.

An individual pays less in property taxes as a homeowner than a renter.
D.

An individual builds equity by owning a home.

7.The sticker price for a new car takes into account the compensation made to the salesperson who managed the sale. This compensation is an example of what type of cost?
A.

dealer cost
B.

shipping cost
C.

manufacturing cost
D.

sales commission