"I Can't Believe It! We've Spent 18 Months Developing a Relationship

question 39

Multiple Choice

"I can't believe it! We've spent 18 months developing a relationship with that client. Our families have even socialized together. We've become friends. And they use a one-sentence memo to tell us that we were not selected for the big contract! Not a word of thanks, not a clue as to why we were not selected. I'm very disappointed," said Hugh, Vice President of Sales. Hugh was particularly disappointed because

• A) a personal text message would have been the richest medium for communicating this information.
• B) a personal note would have been the richest medium for communicating this information.
• C) memos are the least rich medium for communicating this information.
• D) a phone call would have been a richer medium for communicating than a face-to-face conversation.
• E) a face-to-face meeting would have been just as rich as an electronic mail message.

Understand and apply the concept of the time value of money to evaluate financial decisions.

Differentiate between loans that are amortized and others.

Calculate the present value of immediate and deferred cash flows to compare financial options.

Conceptualize how payment frequency and timing affect the value of annuities and loans.

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Definitions:

Two And A Half

Refers to the age of 2.5 years, a time often noted for significant milestones in a toddler's development, including language and social skills.

Gender Identity

Knowledge that one is female or male.

Toys

Objects designed for play, typically used by children, to provide entertainment and possibly to assist in their developmental processes.

Authoritative Parents

Parents who combine warmth and sensitivity with firmness in their parenting style, often leading to high levels of self-reliance and social competence in their children.