Zoning Ordinance Variances

question 59

Multiple Choice

Zoning ordinance variances:

• A)are not available for hardships caused by the actions of the property owner seeking the variance.
• B)are available if it affirmatively appears that the property owner seeking the variance cannot yield a reasonable return on the owner's investment in the property.
• C)are available for hardships caused by the variance that are common to the zoned area.
• D)Both (a) and (b).
• E)Both (a) and (c).

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Definitions:

Hard Capital Rationing

Hard capital rationing involves a situation where a company cannot access additional funds for investments at any cost due to external factors, such as market conditions or regulatory limits.

Discounted Payback

A capital budgeting method that calculates the time it takes to recoup an investment's initial costs, taking the time value of money into account.

Time Value of Money

The concept that money available at the present time is worth more than the same amount in the future due to its earning capacity.

Project's Liquidity

The ease with which a project's assets can be converted into cash without significant loss of value.