A Project Has an Initial Cost of $7,900 and Cash

question 11

Multiple Choice

A project has an initial cost of $7,900 and cash inflows of $2,100, $3,140, $3,800, and $4,500 a year over the next four years, respectively. What is the payback period?

• A) 2.70 years
• B) 3.28 years
• C) 3.36 years
• D) 3.70 years
• E) 2.28 years

Learn about the challenges and considerations in global advertising campaigns.

Understand the importance of leading by example to create a socially responsible organizational culture.

Recognize rationalization as a step toward unethical behavior and its implications.

Grasp why ethics is fundamental to effective leadership and decision-making.

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Definitions:

Personal Construct Theory

Kelly’s description of personality in terms of cognitive processes: We are capable of interpreting behaviors and events and of using this understanding to guide our behavior and to predict the behavior of other people.

Psychoanalysis

A therapeutic approach and theory of personality developed by Sigmund Freud that emphasizes unconscious motives and conflicts as the determinants of human behavior.

Humanistic Approach

A psychological perspective that emphasizes the study of the whole person, including concepts like free will, self-efficacy, and self-actualization.

Cognitive Processes

The mental actions or processes involved in acquiring knowledge and understanding through thought, experience, and the senses.