Use the Graph of the Given Function to Find Any $f(x)=x^{3}-12 x+2$

question 18

Multiple Choice

Use the graph of the given function to find any relative maxima and relative minima.
- $f(x) =x^{3}-12 x+2$

• A) maximum: \(( 2 , - 14 )\); minimum: \(( - 2,18 )\)
• B) maximum: \(( - 2,18 )\) and \(( 0,0 )\); minimum: \(( 2 , - 14 )\)
• C) minimum: \(( 2 , - 14 )\); maximum: \(( - 2,18 )\)
• D) no maximum or minimum

Recognize and evaluate the advantages and disadvantages of short payback periods in investment decisions.

Comprehend the necessity of incorporating the time value of money in investment decision-making.

Identify and categorize costs relevant to specific business decisions, including sunk costs, incremental costs, and opportunity costs.

Analyze investments by comparing cash outflows with expected cash inflows and understanding the importance of a hurdle rate.

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Definitions:

Operating Lease

A leasing agreement for short-term use of an asset, where the lessor retains risks and benefits of ownership.

Lessor

The owner of an asset that is leased to another party, referred to as the lessee.

Depreciated Historical Cost

The original cost of an asset minus accumulated depreciation, representing its value over time for accounting purposes.

Residual Value Guarantee

A promise that at the end of a lease, the asset being leased will have a certain value, often used in finance and leasing agreements.