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1房地产投资风险中的动态风险是由于企业的经营管理状况和( )带来的风险。
A.意外事件的发生
B.市场需求的变动
C.自然灾害
D.国家政策的变化
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2某房地产开发公司有四个寿命期为一年的互斥投资方案,根据下表中的数据,应用追加投资收益率选择方案时,( )无资格方案。单位:万元<table border="1" cellspacing="0" cellpadding="0" _dj="MsoNormalTable"><tbody><tr><td valign="top" width="116">方案</td><td valign="top" width="116">投资额</td><td valign="top" width="116">净收益</td></tr><tr><td valign="top" width="116">甲乙丙丁</td><td valign="top" width="116">400500600700</td><td valign="top" width="116">8098115130</td></tr></tbody></table>
A.没有
B.有一个
C.有二个
D.有三个
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3某房地产开发公司现有两个互斥投资方案可供选择,各方案的初期投资额及净收益如下表所示,其寿命期均为5年,不计残值。当基准收益率为10%时,用差额法计算的NPV(乙-甲)值( )。单位:万元<table border="1" cellspacing="0" cellpadding="0" _dj="MsoNormalTable"><tbody><tr><td valign="top" width="116">投资方案</td><td valign="top" width="116">初期投资</td><td valign="top" width="116">净收益</td></tr><tr><td valign="top" width="116">甲乙</td><td valign="top" width="116">30004000</td><td valign="top" width="116">9001200</td></tr></tbody></table>
A.大于100万元
B.等于零
C.小于零
D.等于100万元
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4某房地产投资者有四个独立的投资项目可供选择,其数据如下表所示。各项目每年年末的净收益都相同,经营5年后转售。若基准收益率为12%,可利用资金总额为2000万元时,该投资都可选择的项目为( ) 单位:万元<table style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; BORDER-COLLAPSE: collapse; BORDER-TOP: medium none; BORDER-RIGHT: medium none; mso-yfti-tbllook: 1184; mso-padding-alt: 0cm 5.4pt 0cm 5.4pt; mso-border-alt: solid windowtext .5pt" border="1" cellspacing="0" cellpadding="0" _dj="MsoNormalTable"><tbody><tr style="HEIGHT: 14.95pt; mso-yfti-irow: 0; mso-yfti-firstrow: yes"><td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: transparent; PADDING-LEFT: 5.4pt; WIDTH: 78.85pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.95pt; BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm; mso-border-alt: solid windowtext .5pt" valign="top" width="105">投资项目</td><td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: #000000; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: transparent; PADDING-LEFT: 5.4pt; WIDTH: 78.85pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.95pt; BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm; mso-border-left-alt: solid windowtext .5pt; mso-border-alt: solid windowtext .5pt" valign="top" width="105">初期投资额</td><td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: #000000; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: transparent; PADDING-LEFT: 5.4pt; WIDTH: 78.85pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.95pt; BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm; mso-border-left-alt: solid windowtext .5pt; mso-border-alt: solid windowtext .5pt" valign="top" width="105">每年净收益</td><td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: #000000; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: transparent; PADDING-LEFT: 5.4pt; WIDTH: 78.9pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.95pt; BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm; mso-border-left-alt: solid windowtext .5pt; mso-border-alt: solid windowtext .5pt" valign="top" width="105">内部收益率</td></tr><tr style="HEIGHT: 62.9pt; mso-yfti-irow: 1; mso-yfti-lastrow: yes"><td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: transparent; PADDING-LEFT: 5.4pt; WIDTH: 78.85pt; PADDING-RIGHT: 5.4pt; HEIGHT: 62.9pt; BORDER-TOP: #000000; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm; mso-border-top-alt: solid windowtext .5pt; mso-border-alt: solid windowtext .5pt" valign="top" width="105">甲乙丙丁</td><td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: #000000; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: transparent; PADDING-LEFT: 5.4pt; WIDTH: 78.85pt; PADDING-RIGHT: 5.4pt; HEIGHT: 62.9pt; BORDER-TOP: #000000; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm; mso-border-top-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-alt: solid windowtext .5pt" valign="top" width="105">600650700900</td><td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: #000000; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: transparent; PADDING-LEFT: 5.4pt; WIDTH: 78.85pt; PADDING-RIGHT: 5.4pt; HEIGHT: 62.9pt; BORDER-TOP: #000000; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm; mso-border-top-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-alt: solid windowtext .5pt" valign="top" width="105">220170235250</td><td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: #000000; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: transparent; PADDING-LEFT: 5.4pt; WIDTH: 78.9pt; PADDING-RIGHT: 5.4pt; HEIGHT: 62.9pt; BORDER-TOP: #000000; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm; mso-border-top-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-alt: solid windowtext .5pt" valign="top" width="105">24%10%20%12%</td></tr></tbody></table>
A.甲、丙
B.甲、丁
C.丙、丁
D.甲、乙、丙
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5某房地产投资项目每年的现金流量如下表所示,基准收益率为10%,该项目的表态投资回收期在( )之间。<table style="BORDER-COLLAPSE: collapse; mso-yfti-tbllook: 1184; mso-padding-alt: 0cm 5.4pt 0cm 5.4pt" border="0" cellspacing="0" cellpadding="0" _dj="MsoNormalTable"><tbody><tr style="HEIGHT: 15.25pt; mso-yfti-irow: 0; mso-yfti-firstrow: yes"><td style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: transparent; PADDING-LEFT: 5.4pt; WIDTH: 53.5pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.25pt; BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: black 1pt solid; PADDING-TOP: 0cm; mso-border-top-alt: windowtext .5pt; mso-border-left-alt: windowtext .5pt; mso-border-bottom-alt: black .75pt; mso-border-right-alt: black .75pt; mso-border-style-alt: solid" valign="top" width="71">年份</td><td style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: #000000; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: transparent; PADDING-LEFT: 5.4pt; WIDTH: 38.8pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.25pt; BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: black 1pt solid; PADDING-TOP: 0cm; mso-border-top-alt: solid windowtext .5pt; mso-border-left-alt: solid black .75pt; mso-border-alt: solid black .75pt" valign="top" width="52">0</td><td style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: #000000; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: transparent; PADDING-LEFT: 5.4pt; WIDTH: 33.95pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.25pt; BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: black 1pt solid; PADDING-TOP: 0cm; mso-border-top-alt: solid windowtext .5pt; mso-border-left-alt: solid black .75pt; mso-border-alt: solid black .75pt" valign="top" width="45">1</td><td style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: #000000; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: transparent; PADDING-LEFT: 5.4pt; WIDTH: 38.8pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.25pt; BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: black 1pt solid; PADDING-TOP: 0cm; mso-border-top-alt: solid windowtext .5pt; mso-border-left-alt: solid black .75pt; mso-border-alt: solid black .75pt" valign="top" width="52">2</td><td style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: #000000; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: transparent; PADDING-LEFT: 5.4pt; WIDTH: 35.3pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.25pt; BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: black 1pt solid; PADDING-TOP: 0cm; mso-border-top-alt: solid windowtext .5pt; mso-border-left-alt: solid black .75pt; mso-border-alt: solid black .75pt" valign="top" width="47">3</td><td style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: #000000; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: transparent; PADDING-LEFT: 5.4pt; WIDTH: 40.1pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.25pt; BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: black 1pt solid; PADDING-TOP: 0cm; mso-border-top-alt: solid windowtext .5pt; mso-border-left-alt: solid black .75pt; mso-border-alt: solid black .75pt" valign="top" width="53">4</td><td style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: #000000; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: transparent; PADDING-LEFT: 5.4pt; WIDTH: 40.1pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.25pt; BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: black 1pt solid; PADDING-TOP: 0cm; mso-border-top-alt: solid windowtext .5pt; mso-border-left-alt: solid black .75pt; mso-border-alt: solid black .75pt" valign="top" width="53">5</td><td style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: #000000; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: transparent; PADDING-LEFT: 5.4pt; WIDTH: 40.1pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.25pt; BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm; mso-border-top-alt: windowtext .5pt; mso-border-left-alt: black .75pt; mso-border-bottom-alt: black .75pt; mso-border-right-alt: windowtext .5pt; mso-border-style-alt: solid" valign="top" width="53">6</td></tr><tr style="HEIGHT: 15.25pt; mso-yfti-irow: 1"><td style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: transparent; PADDING-LEFT: 5.4pt; WIDTH: 53.5pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.25pt; BORDER-TOP: #000000; BORDER-RIGHT: black 1pt solid; PADDING-TOP: 0cm; mso-border-top-alt: solid black .75pt; mso-border-left-alt: solid windowtext .5pt; mso-border-alt: solid black .75pt" valign="top" width="71">现金流入</td><td style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: #000000; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: transparent; PADDING-LEFT: 5.4pt; WIDTH: 38.8pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.25pt; BORDER-TOP: #000000; BORDER-RIGHT: black 1pt solid; PADDING-TOP: 0cm; mso-border-top-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-alt: solid black .75pt" valign="top" width="52"></td><td style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: #000000; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: transparent; PADDING-LEFT: 5.4pt; WIDTH: 33.95pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.25pt; BORDER-TOP: #000000; BORDER-RIGHT: black 1pt solid; PADDING-TOP: 0cm; mso-border-top-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-alt: solid black .75pt" valign="top" width="45"></td><td style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: #000000; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: transparent; PADDING-LEFT: 5.4pt; WIDTH: 38.8pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.25pt; BORDER-TOP: #000000; BORDER-RIGHT: black 1pt solid; PADDING-TOP: 0cm; mso-border-top-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-alt: solid black .75pt" valign="top" width="52">250</td><td style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: #000000; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: transparent; PADDING-LEFT: 5.4pt; WIDTH: 35.3pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.25pt; BORDER-TOP: #000000; BORDER-RIGHT: black 1pt solid; PADDING-TOP: 0cm; mso-border-top-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-alt: solid black .75pt" valign="top" width="47">250</td><td style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: #000000; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: transparent; PADDING-LEFT: 5.4pt; WIDTH: 40.1pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.25pt; BORDER-TOP: #000000; BORDER-RIGHT: black 1pt solid; PADDING-TOP: 0cm; mso-border-top-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-alt: solid black .75pt" valign="top" width="53">250</td><td style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: #000000; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: transparent; PADDING-LEFT: 5.4pt; WIDTH: 40.1pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.25pt; BORDER-TOP: #000000; BORDER-RIGHT: black 1pt solid; PADDING-TOP: 0cm; mso-border-top-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-alt: solid black .75pt" valign="top" width="53">250</td><td style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: #000000; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: transparent; PADDING-LEFT: 5.4pt; WIDTH: 40.1pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.25pt; BORDER-TOP: #000000; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm; mso-border-top-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-right-alt: solid windowtext .5pt; mso-border-alt: solid black .75pt" valign="top" width="53">250</td></tr><tr style="HEIGHT: 15.25pt; mso-yfti-irow: 2; mso-yfti-lastrow: yes"><td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: transparent; PADDING-LEFT: 5.4pt; WIDTH: 53.5pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.25pt; BORDER-TOP: #000000; BORDER-RIGHT: black 1pt solid; PADDING-TOP: 0cm; mso-border-top-alt: black .75pt; mso-border-left-alt: windowtext .5pt; mso-border-bottom-alt: windowtext .5pt; mso-border-right-alt: black .75pt; mso-border-style-alt: solid" valign="top" width="71">现金流出</td><td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: #000000; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: transparent; PADDING-LEFT: 5.4pt; WIDTH: 38.8pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.25pt; BORDER-TOP: #000000; BORDER-RIGHT: black 1pt solid; PADDING-TOP: 0cm; mso-border-top-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-alt: solid black .75pt" valign="top" width="52">500</td><td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: #000000; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: transparent; PADDING-LEFT: 5.4pt; WIDTH: 33.95pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.25pt; BORDER-TOP: #000000; BORDER-RIGHT: black 1pt solid; PADDING-TOP: 0cm; mso-border-top-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-alt: solid black .75pt" valign="top" width="45">50</td><td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: #000000; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: transparent; PADDING-LEFT: 5.4pt; WIDTH: 38.8pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.25pt; BORDER-TOP: #000000; BORDER-RIGHT: black 1pt solid; PADDING-TOP: 0cm; mso-border-top-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-alt: solid black .75pt" valign="top" width="52">30</td><td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: #000000; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: transparent; PADDING-LEFT: 5.4pt; WIDTH: 35.3pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.25pt; BORDER-TOP: #000000; BORDER-RIGHT: black 1pt solid; PADDING-TOP: 0cm; mso-border-top-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-alt: solid black .75pt" valign="top" width="47">30</td><td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: #000000; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: transparent; PADDING-LEFT: 5.4pt; WIDTH: 40.1pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.25pt; BORDER-TOP: #000000; BORDER-RIGHT: black 1pt solid; PADDING-TOP: 0cm; mso-border-top-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-alt: solid black .75pt" valign="top" width="53">30</td><td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: #000000; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: transparent; PADDING-LEFT: 5.4pt; WIDTH: 40.1pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.25pt; BORDER-TOP: #000000; BORDER-RIGHT: black 1pt solid; PADDING-TOP: 0cm; mso-border-top-alt: solid black .75pt; mso-border-left-alt: solid black .75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-alt: solid black .75pt" valign="top" width="53">30</td><td style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: #000000; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: transparent; PADDING-LEFT: 5.4pt; WIDTH: 40.1pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.25pt; BORDER-TOP: #000000; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm; mso-border-top-alt: black .75pt; mso-border-left-alt: black .75pt; mso-border-bottom-alt: windowtext .5pt; mso-border-right-alt: windowtext .5pt; mso-border-style-alt: solid" valign="top" width="53">30</td></tr></tbody></table>
A.第二年与第三年
B.第三年与第四年
C.第四年与第五年
D.第五年与第六年
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6降低房地产投资中的商业风险可采用的主要对策有:进行房地产组合投资和( )等。
A.将风险损失摊销计入成本
B.利用通货膨胀的影响
C.选择擅长经营的房地产项目
D.在经济下降期投资
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7年值在实际使用中未作特殊说明时,指的是( )
A.预付年值
B.普通年值
C.期初年值
D.永续年值
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8形成房地产投资金融风险的主要原因之一是( )。
A.通货膨胀
B.金融政策问题
C.实际净现值减少
D.销售价格波动
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9在房地产投资中,随着通货膨胀率的增大,考虑通货膨胀时的净现值与不考虑通货膨胀时的净现值相比,( )。
A.前者比后者小
B.前者比后者大
C.二者之差等于通货膨胀率
D.二者相等
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10下列关于房地产开发有关费用的说法中,错误的是( )
A.开发企业从土地二级市场取得土地使用权,必须支付土地转让费
B.土地使用权出让金的本质是国家凭借土地所有权取得的土地经济效益
C.拆迁补偿费是指开发建设单位对被拆除房屋的所有人按有关规定给予补偿所需的费用
D.市政建设配套费用是开发商参与城市基础设施建设而应该分摊的费用
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