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IAAO 400 Exam Questions and Correct Answers Rated 100%

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IAAO 400 Exam Questions and Correct Answers Rated 100% The Assessment Function - Answers To Discover, To List, To Value Discovery, Listing, and Valuing - Answers A property assessment system organizes resources to carryout the primary assessment responsibilities of _____________, _____________, ...

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  • November 5, 2024
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  • 2024/2025
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IAAO 400 Exam Questions and Correct Answers Rated 100%

The Assessment Function - Answers To Discover, To List, To Value

Discovery, Listing, and Valuing - Answers A property assessment system organizes resources to carryout
the primary assessment responsibilities of _____________, _____________, and ____________
properties, in accordance with property tax laws and regulations.

Appraisal accuracy, Work is finished on time, Staff and resources are used wisely. - Answers Standards of
practice are necessary to ensure...

Quality Control - Answers Ratio studies are often used for oversight purposes. However, they can also be
used for internal _______________ in an effective assessment system.

Annual - Answers The legal framework in an effective assessment system requires _____________
reappraisals.

Manager - Answers The assessor's role or responsibility in the property assessment system is that of a
__________________.

Leadership - Answers The process of influencing individuals and groups to set and achieve goals in the
definition of __________________.

Human, Financial, Material, Information - Answers The four resources the management must have in
order to achieve the goals of the organization?

Planning, Organizing, Directing, Controlling - Answers List the four basic managerial functions:

Planning - Answers Which of the four basic managerial functions provides the basis for the other
managerial functions?

Technical, Human, Conceptual - Answers List the three necessary management skills:

Scalar Principle - Answers Which classical principle establishes the hierarchical structure of the
organization, commonly called the "chain of command"?

System School - Answers The ________________ of management is comprised of subunits that are
dependent on each other to accomplish all of the required tasks of the organization.

Planning - Answers The process of determining how an organization can accomplish its objectives.

Monitoring Activities - Answers Reviews of progess and performance contribute to effective and
efficient operations. Procedures in place for monitoring the quality of assessments, editing data,
reviewing appraisals, and reporting time and productivity.

Compensation - Answers Employee ________________________ should be competitive with market if
budget permits and equitable among classes of positions.

, Current - Answers One of the first things that must be done in the planning process is to determine the
____________________ status of the organization.

Skill Based - Answers A system in which pay increases are linked to the number or depth of skills an
employee acquires is known as ______________ pay.

Budget - Answers The resources required for the organization's operational plans in monetary terms iis
the ________________.

Job sharing - Answers Allowing two people to spit a single jon is known as _____________________.
Each personworks part-time.

Planning - Answers A process of determining how an organization accomplishes its goals and objectives
is ___________________.

Flexible Hours - Answers Allowing employees to determine how they will fulfill their time commitment
to the jurisdiction os known as _______________________.

Objectives - Answers Measurable specifics that must be accomplished in total, or in some combination,
to achieve the goals in the plan are _________________.

Flexible Days - Answers The employee works extra hours each day in order to have extra days off. The
9/80 and 4/10 are the most common. This is called _________________.

Allocate resources efficiently, Consider the future, Provide the foundation for other management
functions. - Answers The purpose of planning is to:

Tele-Commuting - Answers A scheduling technique that allows works to work at home while
communicating via telephone, computer and fax machine is called _______________________.

Mission Statement - Answers A well thought out _______________ _____________________ is focused
on the reasons for the organization's existence. It should be clear, concise, and realistic.

Operational - Answers Short-range plans (usually one year or less) are also referred to as
___________________________ plans.

Gantt - Answers Charts that show jobs to be done on the vertical axis and time allocations on the
horizontal axis are known as _______________ charts.

Flow Chart - Answers A ___________________ ______________________ sequences significant events,
incorporating yes or no decisions, but without a time dimension.

80 to 85 - Answers Staff costs account for approximately ___________ to ______________ percent of
the budget for most jurisdictions.

Line Item - Answers The __________________ budget focuses on how much is spent and for what
purpose, rather than the activity affected.

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