Present Value Is Based on

question 21

Multiple Choice

Present value is based on

• A)the dollar amount to be received.
• B)the length of time until the amount is received.
• C)the interest rate.
• D)All of these answers are correct.

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Definitions:

Internal Incentives

Motivations that come from within an individual, such as personal satisfaction or desire to achieve.

Predetermined Personal Goals

Goals that an individual sets in advance of a period of treatment or self-improvement, which guide overall therapy and personal growth efforts.

Future Exceptions

Circumstances or cases that might be excluded or treated differently in the future based on evolving criteria or contexts.

Miracle Question

A technique used in therapy where clients are asked to imagine how their life would change if a miracle happened overnight and their problem was solved.