The process of converting periodic income into a value estimate is referred to as income capitalization. Income capitalization models can generally be categorized as either direct capitalization models or discounted cash flow models. Which of the following statements best describes the direct capitalization method?
A. Value estimates are based on a multiple of expected first year net operating income.
B. Appraisers must make explicit forecasts of the property's net operating income for each year of the expected holding period.
C. Appraisers must select the appropriate yield at which to discount future cash flows.
D. The forecast must include the net income produced by a sale of the property at the end of the expected holding period.

Asocial science theory focusing on the inborn nature of social traits and the role of evolution in shaping human behavioral patterns. b. the view that society is governed by interrelated parts that make up the smoothly functioning whole. c. the individual's sense of femaleness or maleness. d. behaviors that focus on feelings and relationships among members of a group. e. the belief that men are superior to women and should control all important aspects of society. f. the process of acquiring and internalizing the ideas and behaviors deemed appropriate for males and females by their society. g. behaviors that focus on the accomplishment of specific tasks for a group rather than on personal feelings. h. the physical and biological aspects of male and female. i. cultural attributes of masculinity and feminity. j. provides a hypothesis of why males are dominant and females submissive.