Benefits Received in the Future Are Adjusted to Their Present

question 9

Multiple Choice

Benefits received in the future are adjusted to their present value discounted because:

• A) they are uncertain.
• B) the future may never come, or may come under unforeseen circumstances.
• C) markets indicate that people need to be compensated for postponing the enjoyment of benefits.
• D) None of the above is true.

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Definitions:

Virtuous

Characterized by or exhibiting virtue, moral excellence, or righteousness.

Society

A group of individuals involved in persistent social interaction, or a large social grouping sharing the same geographical or social territory, typically subject to the same political authority and dominant cultural expectations.

Hypothetical Proposition

A statement in logic that suggests a conditional relationship between two propositions, where one is the consequence of the other.

Disjunctive Proposition

A logical statement that proposes an either/or scenario, where only one of the conditions needs to be true.