A Concert Promoter Assesses That the Probability of a Concert

question 2

Multiple Choice

A concert promoter assesses that the probability of a concert being a success is 0.4. The initial cash cost will be £50,000. A success will create a present value of all cash flows of £250,000 and a flop will lose £100,000. What is the expected NPV, using a conventional approach?

• A) £10,000
• B) £74,000
• C) - £10,000
• D) £0

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Definitions:

Self-Esteem

The confidence and value that a person places on themselves, reflecting a positive or negative view of self-worth.

Responsibility

The state or fact of being accountable or to blame for something.

Parents' Influence

The significant impact that parents have on the shaping of their children's behaviors, values, and attitudes through example, teaching, and environment.

Positive Self-Talk

The practice of speaking to oneself in an encouraging and affirmative manner to boost confidence and well-being.