What is the primary difference between subjective and objective opinions of value?

Get more with Examzify Plus

Remove ads, unlock favorites, save progress, and access premium tools across devices.

FavoritesSave progressAd-free
From $9.99Learn more

Prepare for the SAE Appraisal Exam with tailored quizzes and multiple-choice questions featuring hints and detailed explanations. Equip yourself with the knowledge to excel!

The primary difference between subjective and objective opinions of value lies in how each is formed and what influences them. Subjective opinions, as highlighted in the correct answer, are shaped by individual personal beliefs, preferences, feelings, and experiences. This means that two different people might arrive at different values for the same item based on their unique perspectives and biases.

In contrast, objective opinions of value are grounded in factual evidence, data, and universally accepted metrics. They aim to minimize personal biases, focusing instead on measurable and verifiable information to determine value. This structural essence of objectivity emphasizes a more analytical and systematic approach rather than a personal or emotional standpoint.

Thus, the distinction is fundamentally about the basis of the opinion: subjective valuations depend on personal influences, while objective valuations strive for neutrality and factual support.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy