In Nollan v. California Coastal Commission, the Supreme Court held the Nollan's must pay compensation to the government if they wanted to build on their beach property
a. True
b. False
Indicate whether the statement is true or false
False
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The Mojave Water Agency (MWA) sets water policy and water rates for a desert area that faces a severe water shortage. It has 200,000 customers who are charged $100 per month for the first 20,000 cubic feet (cu.ft) and 1 cent per cu.ft thereafter. The average customer bill is $200 per month. It costs the agency ΒΌ cent per cu.ft to monitor and bill for usage. The MWA wants to cut costs by replacing metered billing with a flat fee which would be added to each property owner's real estate tax bill. Which is true?
A. The proposed policy will be more expensive to operate and will lead to decreased water usage B. The proposed policy will be cheaper to operate and will lead to increased water usage C. The proposed policy will be cheaper to operate and will lead to decreased water usage D. The most that the MWA should pay the County Real Estate Department for handling the proposed billing process is $6,000,000 E. b) and d) above
Which of the following statements concerning defined benefit and defined contribution pension plans is (are) true?
I. The employer bears the investment risk with a defined contribution plan. II. Defined benefit plans favor workers who enter the plan at older ages. A) I only B) II only C) both I and II D) neither I nor II
The independence hypothesis suggests that the total market value of the firm's outstanding
securities is unaffected by its capital structure. Indicate whether the statement is true or false
What is the name of the risk that a financial institution may not deliver the currency on one side of a completed currency transaction?
A) dealer risk B) market risk C) Herstatt risk D) exchange rate risk