True or False: The Linneman study on how $"$at risk" different property investments are to an economic downturn revealed that high yield slow growth investments can survive notably steeper NOI declines.

a$.$ True

b$.$ False

The transition of capital intensive industries such as real estate has been driven by the search for cheaper capital and resulted in stronger and more rational markets. This naturally resulted in what?

a$.$ Greater industry transparency

b$.$ Industry consolidation

c$.$ Lower leverage

d$.$ All of these

The two components used to determine the cost of equity are:

a$.$ Expected annual appreciation and Annual Dividend

b$.$ Net Operating Income and IRR

c$.$ Return on Equity and Return on Assets

d$.$ None of these

True or False: Development projects can be $150-300$ basis point riskier than the operation of developed properties.

a$.$ True

b$.$ False

True or False: Entrepreneurs are an unusual blend of studied pragmatic opportunism and blind determination.

a$.$ True

b$.$ False

While young entrepreneurs receive little cash compensation relative to what they could be earning at a major company, early entrepreneurial opportunities are best viewed as investments in what?

a$.$ Acquiring industry expertise

b$.$ Human capital

c$.$ Building a track record$/$reputation

d$.$ All of these

$9$