In the appraising process, the term "highest and best use" often comes into play. This can best be defined as:
A: Developing a lot so as to contribute to the best interest of the community;
B: Producing the greatest net return on the investment over a period of time;
C: Developing a lot so as to produce the highest gross income;
D: All of the above.
Answer: B: Producing the greatest net return on the investment over a period of time;
Business
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