Equivalence Is a Condition That Exists When

question 40

Multiple Choice

Equivalence is a condition that exists when

• A)the value of a cost at one time is numerically equal to the value of the related benefits received at a different time.
• B)the present worth of a cost equals the future worth of a cost at any point in time.
• C)the present worth of all costs and benefits equals the future worth of these costs and benefits at any point in time.
• D)the project breaks even, meaning costs equal benefits at a certain point in time.
• E)a decision-maker assesses two sets of cashflows as equally attractive.

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Definitions:

UNESCO Heritage Site

A landmark or area recognized by the United Nations Educational, Scientific and Cultural Organization for its cultural, historical, scientific, or other form of significance, which is legally protected by international treaties.

Agricultural Fields

Areas of land used for farming crops and livestock, a cornerstone for human sustenance and economic activity.

Stratified Societies

Societies characterized by a hierarchy of social classes, often determined by factors like wealth, occupation, and ancestry.

Dominant Classes

Social groups that hold primary power and wealth in a society, often determining policies and practices.