The Main Advantage That a Home-Rule City Has Over a General-Law

question 49

Multiple Choice

The main advantage that a home-rule city has over a general-law city is that a home-rule city

• A) has greater flexibility in its organization and operation.
• B) has fewer people to worry about than a general-law city.
• C) can use state law to operate.
• D) can use its power to overrule state law.

---

Definitions:

Useful Life

Useful life is the estimated time period that an asset is expected to be useful for the operations of a business before it is fully depreciated.

Profitability Index

A financial tool used to determine the desirability of an investment or project, calculated as the present value of future cash flows divided by the initial investment.

Present Value

The present value of a future amount of money or series of payments, calculated based on a certain rate of return.

Initial Investment

The amount of money used to start a business or project.