Which of the Following Is the Likely Sequence of Events

question 23

Multiple Choice

Which of the following is the likely sequence of events in the land development process?

• A) Inspect site,perform feasibility analysis,implement marketing program,purchase land and begin construction of improvements
• B) Inspect site,purchase land and begin construction of improvements,perform feasibility analysis,implement marketing program
• C) Inspect site,perform feasibility analysis,purchase land and begin construction of improvements,implement marketing program
• D) Purchase land,perform feasibility analysis,perform preliminary market study,begin construction of improvements,implement marketing program

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Definitions:

Arithmetic Average Return

The simple mean of a set of returns, calculated by summing the returns over a period and dividing by the number of periods.

Nominal Return

The amount of money gained or lost on an investment, without adjusting for inflation, as opposed to the real return which is adjusted for inflation.

Real Rate

The interest rate adjusted for inflation, representing the true cost of borrowing or the true return on investment.

Variance

A statistical measurement of the dispersion of a set of values, indicating how much the numbers in the set deviate from the mean or average of the set.