When You Take Responsibility for Something, You

question 12

Multiple Choice

When you take responsibility for something, you:

• A) blame yourself instead of others for problems and mistakes.
• B) blame circumstances instead of yourself or others for problems and mistakes.
• C) make excuses for problems and mistakes, so as to explain their occurrence.
• D) face problems and mistakes head on and do what you can to fix them.
• E) blame the organisation as a whole, rather than any individual, for problems and mistakes.

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Definitions:

Annuity

A financial product that pays out a fixed stream of payments to an individual, primarily used as an income stream for retirees.

Present Value Tables

Tables utilized in finance to determine the present value of a sum that will be received at a future date by applying a specific discount rate.

Original Investment

The initial amount of money put into a project, asset, or business, used as a basis for determining future returns or profitability.

Salvage Value

An alternative term for residual value, referring to the estimated resale value of an asset at the end of its useful life.