What Is the 21st-Century Economy Mainly Based On

question 20

Multiple Choice

What is the 21st-century economy mainly based on?

• A)information and knowledge
• B)physical labour
• C)a supply of raw materials
• D)the stock market

Understand the importance and benefits of the employee orientation process.

Recognize the role of developmental programs in preparing employees for promotions.

Grasp the objectives and responsibilities of key federal agencies that enforce anti-discrimination laws in employment.

Comprehend the various stages involved in the employee selection process and their significance.

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Definitions:

Present Value Factor

A multiplier used to determine the present value of a future amount of money or stream of cash flows given a specific discount rate.

Desired Rate of Return

The minimum percentage return an investor expects to achieve on an investment, influencing the choice of investment.

Straight-Line Depreciation

An approach to distribute the cost of a tangible asset evenly over each year of its expected life.

Fixed Asset

Long-term tangible property or equipment that a firm owns and uses in its operations to generate income, not expected to be consumed or converted into cash within a year.