Katz Concluded That Managers Need Three Essential Skills: Technical, Human

question 148

True/False

Katz concluded that managers need three essential skills: technical, human, and conceptual.

---

Definitions:

Discounted Value

The present value of a future amount of money or a series of cash flows, adjusted for time value of money.

Annuity

A financial product that pays out a fixed stream of payments to an individual, usually used as an income stream in retirement.

Present Value

The immediate value of a prospective amount of money or cash flow series, determined by a specific rate of return.

Future Amount

The predicted total value of an asset or investment at a specific future date, considering factors like interest rates or earnings.