Three of the Following Strategies Should Help Your Students Solve

question 20

Multiple Choice

Three of the following strategies should help your students solve ill-defined problems more effectively.Which strategy is least likely to be useful to them?

• A)Teach them to break a problem into several smaller and better-defined problems.
• B)Help them identify which pieces of information they need and which they do not.
• C)Teach them how to use the library or Internet to find any information they may need to solve the problem.
• D)If they get overly frustrated with the problem, give them the correct answer and explain the algorithm you used to find it.

---

Definitions:

Salvage Value

Salvage value is the estimated resale value of an asset at the end of its useful life, relevant in depreciation calculations.

Discount Rate

The interest rate used to discount future cash flows to their present value.

Payback Period

The time it takes for an investment to generate an amount of income or cash flows to recover the initial capital outlay.

Incremental Cost Approach

A method used to analyze the financial impact of additional costs incurred when making business decisions.