Question

A rancher is preparing to retire. He is considering selling half of his land and giving the other half to his children. He hears that development for a ski resort was just approved on land adjacent to his property. Which viable business opportunity does the retiring rancher foresee?

A. A decrease in local home sales
B. A decrease in land value
C. An increase in cattle sales
D. An increase in land value

Answer 1

Option (D), The retiring rancher foresees an increase in land value as a viable business opportunity given the development of a ski resort nearby, which could raise demand for his adjacent land.

Step-by-step explanation:

The rancher, preparing to retire, foresees a viable business opportunity of an increase in land value following the news of a ski resort development adjacent to his property. Typically, such developments can lead to an uptick in demand for nearby land due to potential for commercial or residential construction, boosting property values. Therefore, the correct answer is D. An increase in land value.