If the Single Amount of $2000 Is to Be Received

question 70

Multiple Choice

If the single amount of $2000 is to be received in 2 years and discounted at 11% its present value is

• A) $1818.
• B) $1623.
• C) $1802.
• D) $2754.

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Definitions:

Strategies

Plans of action designed to achieve a long-term or overall aim.

Goal

In learning and cognitive approaches to personality, a desired end state that serves to direct perception, thought, and behavior.

Power Motivation

The drive to influence others or seek positions of authority and control, regarded as a fundamental aspect of human behavior.

McClelland's View

A psychological theory proposed by David McClelland that emphasizes the importance of three needs—achievement, affiliation, and power—in influencing human motivation.