Match Each of the Following Terms with Its Definition

question 133

Multiple Choice

Match each of the following terms with its definition.
-The current value of a future cash flow.

• A)Baseline Project Plan
• B)discount rate
• C)economic feasibility
• D)intangible benefit
• E)intangible cost
• F)legal and contractual feasibility
• G)operational feasibility
• H)one-time cost
• I)political feasibility
• J)present value
• K)recurring cost
• L)schedule feasibility
• M)Project Scope Statement
• N)tangible benefit
• O)tangible cost
• P)technical feasibility
• Q)walkthrough

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Definitions:

Marginal Adjustment

Small, incremental changes made to a plan, system, or calculation in response to changes in circumstances or new information.

Marginal Changes

Small incremental adjustments to a plan of action, often analyzed in economics to understand the effects of slightly altering production, consumption, or investment.

Normative Economic Statements

Statements that reflect an opinion or judgment about what ought to be in the economy, focusing on what should happen or what ought to be.

Microeconomics: A Contemporary Introduction

An educational resource that provides an updated overview of the principles and applications of microeconomics.