State Representative James Smith Has Proposed a New State Supported

question 50

True/False

State representative James Smith has proposed a new state supported convention facility in the state's capitol. The convention facility would provide the state with $400,000 in net cash flow lease receipts) and would cost $3,000,000. The state Planning Department normally uses a 9% discount rate when evaluating capital projects. If the project has a 15 year life, the state should accept the proposal.

---

Definitions:

Pluralistic

A condition or system in which two or more states, groups, principles, sources of authority, etc., coexist.

Minority Group

A social group that is systematically denied the same access to power and resources available to society’s dominant groups though its members are not necessarily fewer in number than the dominant groups.

Power

Denotes the capacity or ability to direct or influence the behavior of others or the course of events.

Resources

Assets, materials, and other forms of capital that can be utilized by individuals or organizations to achieve specific goals or carry out various functions.