Which Cost Is NOT Included in the Cost of Land

question 73

Multiple Choice

Which cost is NOT included in the cost of Land Improvements?

• A)sprinkler systems for landscaping
• B)lights on exterior of new building
• C)back property taxes on land parcel
• D)B and C

---

Definitions:

Improvement

The process of making something better or more effective through changes, upgrades, or enhancements.

Technology

The application of scientific knowledge for practical purposes, especially in industry and the development of innovations.

Shift

In economics, a change in the position of a demand or supply curve on a graph, indicating a change in the quantity demanded or supplied at every price.

Economic Growth

An increase in the production of goods and services over a specific period, often measured as the rate of increase in gross domestic product (GDP).