Which of the Following Statements Is Correct?
A) for All $\ge$

question 20

Multiple Choice

Which of the following statements is correct?

• A) For all positive values of k and n, FVIFr, n \(\ge\)1.0 and PVIFAr, n \(\ge\) n.
• B) You may use the PVIF tables to find the present value of an uneven series of payments.However, the PVIFA tables can never be of use, even if some of the payments constitute an annuity (for example, R100 each year for Years 3, 4, and 5), because the entire series does not constitute an annuity.
• C) If a bank uses quarterly compounding for saving accounts, the simple rate will be greater than the effective annual rate.
• D) The present value of a future sum decreases as either the simple interest rate or the number of discount periods per year increases.
• E) All of the above statements are false.

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Definitions:

Means-Ends Chain

A conceptual framework that links desired outcomes (ends) with the actions or resources (means) required to achieve them.

Higher-Level Objectives

Goals set at a strategic level that aim to achieve broader organizational visions and long-term success.

Lower-Level Objectives

Specific, measurable goals set at a lower hierarchy within an organization, aimed at supporting higher-level strategic objectives.

Quantify

To measure or express something as a numerical value.