A Cover Letter Is Used To

question 35

Multiple Choice

A cover letter is used to:

• A) communicate a maximum amount of information through a minimum number of words
• B) convince a prospective employer that it would be worth his or her time to interview you
• C) introduce yourself to the potential employer and create interest in your résumé
• D) highlight your educational and professional accomplishments

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Definitions:

Present Value

Present value is the current worth of a future sum of money or stream of cash flows given a specified rate of return.

Net Cash Flows

The difference between a company's cash inflows and outflows over a specific period.

Accounting Rate

Typically refers to the rate of return or interest rate used in financial calculations, such as net present value or internal rate of return.

Straight-Line Method

A method of calculating depreciation of an asset, which involves evenly spreading the cost of the asset over its useful life.