A Business Has an Initial Value of £2m

question 11

Multiple Choice

A business has an initial value of £2m. In the following four years its value is assessed as £2.4m, £2.7m, £2.76m, and £2.8m. The discount rate is 15 per cent. At the end of which year should the business be sold?

• A) Year 1
• B) Year 2
• C) Year 3
• D) Year 4

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Definitions:

Communicating

The process of sharing or exchanging information, thoughts, or messages through speech, writing, signals, or behavior.

Teamwork

Collaborative effort of a group to achieve a common goal or to complete a task in the most effective and efficient way.

Social Norms

Unwritten rules and expectations about how to behave in a given social group or society, which guide behavior and can influence conformity and social interactions.

Cultural Awareness

The understanding and appreciation of cultural differences and the ability to adjust one's mindset and behavior accordingly.