Which of the Following Statements Is INCORRECT

question 83

Multiple Choice

Which of the following statements is INCORRECT?

• A) We refer to (1 - rf) as the interest rate factor for risk-free cash flows.
• B) We define the risk-free interest rate (rf) for a given period as the interest rate at which money can be borrowed or lent without risk over that period.
• C) For most financial decisions, costs and benefits occur at different points in time.
• D) In general, money today is worth more than money in one year.

---

Definitions:

Successful Salesperson

An individual who excels in persuading others to purchase products or services, typically characterized by high sales achievements and effective communication skills.

Extroversion

A personality trait characterized by an orientation of one's interests and energies toward the outer world of people and activities rather than the inner world of thoughts and feelings.

Reselling Products

The act of selling a product again, often after buying it from the original seller or manufacturer at a discounted rate.

In-store Demonstrations

Live presentations of a product's functionality and benefits conducted within a retail environment to attract customers and boost sales.