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You Have a Choice Among Three Options

question 38

Multiple Choice

You have a choice among three options.Option 1: receive R900 immediately.Option 2: receive R1 200 one year from now.Option 3: receive R2 000 five years from now.The interest rate is 15% per year.Rank these three options from highest present value to lowest present value.


Definitions:

Controlled Motivation

Controlled motivation describes a type of motivation that is driven by external pressures or obligations rather than internal desires or interests.

Rewards

Benefits or compensation given as recognition for one's effort, achievement, or behavior.

Self-Actualization

The actualization or completion of an individual's skills and possibilities, regarded as a fundamental impulse or requirement in every person.

Potent Motivator

A powerful factor or condition that induces an individual to act in a certain manner or achieve particular objectives.

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