In 1997, Maryland Enacted a Policy Rewarding Local Governments That

question 23

Multiple Choice

In 1997, Maryland enacted a policy rewarding local governments that target new growth in areas that already have infrastructure, and denied state funding for infrastructure projects that encourage sprawl. This is an example of _____ policy.

• A) an urban sprawl
• B) a shadow government
• C) a smart growth
• D) a second-order devolution

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Definitions:

Initial Investment

The sum of funds utilized to initiate a project, investment, or business endeavor.

Cash Break-even

The point at which a business generates just enough revenue to cover its operating cash expenditures.

Contingency Planning

The process of preparing for potential future situations or emergencies, particularly those that might disrupt operations.

NPV

Net Present Value, a method used in capital budgeting to assess the profitability of an investment or project by calculating the difference between the present value of cash inflows and outflows.