The Present Value of $5,000 to Be Received in Four

question 56

True/False

The present value of $5,000 to be received in four years at a market rate of interest of 6% compounded annually is $3,636.30.

Understand the principles of developing effective questionnaire questions for research.

Identify the advantages and disadvantages of different survey methods.

Understand the use and structure of open-ended questions in gathering qualitative data.

Recognize the significance of trend hunting in marketing and product development.

---

Definitions:

Operant Conditioning

A method of learning that employs rewards and punishments for behavior, encouraging the repetition of desired behaviors and discouraging undesired ones.

Unconditional Positive Regard

A therapeutic concept within the client-centered therapy approach proposed by Carl Rogers, emphasizing an unjudgmental, supportive attitude towards clients.

Systematic Desensitization

A therapeutic technique used to help effectively overcome phobias and anxieties by gradually exposing the patient to the fear in a controlled setting.

Fixation

An obsessive focus or attachment to a person, object, or idea, which can interfere with normal psychological development or functioning.