In those months where cash inflows exceed cash outflows, we repay the lender the amount that

exceeds the minimum cash balance.

Indicate whether the statement is true or false

TRUE

Business

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When an appraiser relies on the principle of substitution, he assumes that one property may be substituted for another in terms of:

A: Income; B: Use; C: Structural design; D: Any of the above.

Business

The minimax regret criterion minimizes the maximum regret

Indicate whether this statement is true or false.

Business