Figure 14-6. Present Value of $1

question 68

Multiple Choice

Figure 14-6. Present value of $1
Present value of an Annuity of $1
Refer to Figure 14-6.Jan Rigby is considering an investment that will cost $20,000 initially,and return annual cash flows of $10,000 in each of three years.Jan requires a minimum rate of return of 8 percent.What is the present value of the cash inflows? (Note: there may be a rounding error depending on the table you use to compute your answer.Choose the answer closest to the one you calculate.)

• A)$25,770
• B)$20,000
• C)$5,770
• D)$45,770
• E)$10,000

Recognize the importance of coaching and mentoring by managers for subordinates’ development.

Understand that an executive coach provides temporary versus permanent mentorship.

Grasp the process and challenges in skill improvement within multisource feedback programs.

Identify self-development strategies involving diagnosing learning needs and finding relevant self-help techniques.

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Definitions:

Permatemps

Workers who are employed in a temporary status for an extended period of time.

Independent Contractors

Workers who are hired as needed and are not part of the organization’s permanent workforce.

Job Analysis

The systematic study of a job to determine what activities and responsibilities it includes, its relative importance to other jobs, the qualifications necessary for performance, and the conditions under which it is performed.

Potential New Jobs

Employment opportunities that could be created in the future based on technological advancements, economic changes, or evolving consumer demands.