Duane Applied to the Municipality of Smallville for a Permit

question 40

True/False

Duane applied to the municipality of Smallville for a permit to build an addition onto his home. He contacted the municipal offices by telephone to enquire about the fee for the permit. The building official was unavailable, but the municipal clerk told Duane she thought the current fee was $100 per 1,000 square feet. Duane's new addition was planned to be 3,500 square feet, so he attached a cheque in the amount of $350 to his application and delivered it to the building office. When the permit was approved and returned a note was attached to it which read that all building permits now cost a flat fee of $250. No money accompanied the note. Duane contacted the municipal offices requesting a refund of his $100. He was told by the clerk that there was no municipal bylaw authorizing the repayment of excess fees paid to the municipality, so she had no authority to process his refund. She suggested he could apply the extra amount to his municipal property taxes. Duane would probably be unable to obtain the money he paid in error.

Comprehend the concept of economic profit versus accounting profit.

Understand the optimization of resource allocation in a competitive market.

Discern the effects of speed and risk-taking on profit maximization for contract work.

Understand the mechanisms and pathways of cancerous tumor spread and growth.

---

Definitions:

Regression

Regression in geology refers to the retreat of the sea from the land, resulting in the exposure of previously submerged areas, often indicating a relative drop in sea level or uplift of the land.

Subduction

The process by which one tectonic plate moves under another plate and into the mantle, often associated with volcanic activity.

Mudcracks

Patterns of cracks formed by the drying of mud, indicative of alternating wet and dry conditions, found in both modern and ancient sediments.

Cross Beds

Layers of rock that are inclined relative to the horizontal surface, typically formed by wind or water currents.