Management Development Is an Attempt to Improve Current or Future

question 75

True/False

Management development is an attempt to improve current or future managerial performance by imparting knowledge, changing attitudes, or increasing skills.

Comprehend the concept of the time value of money and its importance in capital budgeting decisions.

Understand how to determine and interpret the internal rate of return (IRR) for an investment.

Ability to compare and assess different capital investment opportunities based on NPV and IRR computations.

Understand the effect of salvage value on the NPV of a project.

---

Definitions:

New Markets

Refers to untapped or emerging sectors or geographic areas where a business can expand its operations or sales.

Reactive Change

Change that occurs after external forces have already affected performance

Reengineering

The fundamental rethinking and radical redesign of business processes to achieve dramatic improvements in critical measures of performance, such as cost, quality, service, and speed.

Six Sigma

A set of principles and practices whose core ideas include understanding customer needs, doing things right the first time, and striving for continuous improvement.