While building a new home, a developer received several offers to purchase the property. Prior to completion, the city announced it was taking 15 feet from the front of the property for a new bicycle lane. Afterwards, all additional offers to purchase the property were for 20% less. Which of the following types of depreciation apply?

a. Physical wear and tear.
b. Social dissatisfaction.
c. Functional obsolescence.
d. Economic obsolescence.

Answer: d. Economic obsolescence.

Business

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The Army recruiter is trying to sell the recent high school graduate on a career in the military. With the phrase, "Be all that you can be," the recruiter is using _____ as a recruitment tool.

A. An intrinsic reward B. Job satisfaction C. Instrumentality D. An extrinsic reward E. A lower-level need

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The dividend model requires that a firm has a cash dividend history and that the dividend history shows a ________

A) constant dividend or a constant growth in price where constant growth can be either positive or negative B) positive dividend or a negative growth in dividends C) constant dividend or a positive growth in dividends D) constant price or a positive growth in dividends

Business