The Land Development Industry Is Best Characterized by Which of the Following

question 25

Multiple Choice

The land development industry is best characterized by which of the following statements?

• A)The land development industry is dominated by relatively few national competitors
• B)The land development industry is highly fragmented,localized,and extremely competitive
• C)Land development and project development are synonymous
• D)The production technologies and market risks involved in land development are essentially the same as those in project development

---

Definitions:

Note Receivable

A financial asset representing a promise to receive a definite amount of money at one or more specified future dates.

Interest Revenue

Income received from interest-bearing financial assets, such as bonds or savings accounts.

Loss on Sale

The negative financial difference between the sale price of an asset and its book value.

Note Discounted

A financial term referring to a note that is sold for less than its face value before its maturity, usually to improve liquidity.