Read the Following Scenario and Answer the Question Below

question 16

Multiple Choice

Read the following scenario and answer the question below.
A military base a few miles from a medium-sized city is being decommissioned. The base is a large one, sited along a coastline, and includes some small hills, pristine woodlands and wetlands, streams, a river, and a small lake. There is a railroad spur that connects the base with the nearby city, as well as a four -lane highway. The base contains housing, schools, a hospital, shops, and recreational areas for a population of 10,000. The cityʹs options for using, selling, or leasing the land are numerous, and many groups come forward with proposals.
-The city makes the very best choice _______________.

• A) after holding open town hall hearings to involve all interested citizens and stakeholders
• B) on the basis of the projected revenue from the different choices
• C) after taking bids from the developers
• D) by having an intensive ad campaign funded by the developers and then putting it to a vote of the citizens
• E) by turning the decision over to a group of prominent business people from the local Chamber of Commerce

---

Definitions:

Journal Page

A journal page refers to a sheet or electronic page in an accounting ledger where financial transactions are chronologically recorded.

Cash Advance

A short-term loan from a bank or alternative lender, often accessed through a credit card.

Assets

Resources owned or controlled by a business, expected to produce economic value or future benefits for the company.

Owner's Equity

The amount of ownership interest that the owner of a sole proprietorship or partners in a partnership have in their business, similar to stockholders' equity in a corporation.