The Late C

question 16

Multiple Choice

The late C.K.Prahalad argued that countries at the bottom of the pyramid ______.

• A)deserve restitution from the colonial powers that historically exploited these countries
• B)should work with the United Nations to develop health programs for their impoverished people
• C)will soon be more economically powerful than the United States, France, and Germany combined
• D)represent a huge and largely untapped market with many business opportunities

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Definitions:

Present Value

The worth in present terms of a lump sum or cash flows anticipated in the future, using a predetermined rate of return for the calculation.

Per Year

A time frame reference indicating an annual basis.

Savings Account

A savings account in a bank or financial institution that guarantees the safety of the deposited capital while offering a low interest rate.

Interest Rate

The cost incurred by a borrower from a lender for utilizing assets, shown as a percentage of the principal sum.