A Nonconforming Use

question 29

Multiple Choice

A nonconforming use:

• A) that is discontinued for a period of less than thirty (30)days may be resumed.
• B) has a right to continue for only five (5)years.
• C) has a constitutionally-protected right to continue.
• D) that continues for more than one (1)year cannot be lost by abandonment.

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Definitions:

Capital Rationing

The process of selecting the most profitable projects to invest in when a company has limited resources or capital available.

Present Value

The present value of anticipated future cash flows or sums of money, calculated with a given rate of earnings.

Net Cash Flow

The difference between a company's cash inflows and outflows during a specific period, providing insight into its financial health and liquidity.

Internal Rate Of Return

The discount rate at which the net present value of all the cash flows from an investment equal zero.