Case-Based Critical Thinking Questions Case 5-1 Dylan, Ryan, and Eddie

question 33

Multiple Choice

Case-Based Critical Thinking Questions Case 5-1 Dylan, Ryan, and Eddie are small-business owners who use Microsoft Word to create various types of documents. They are attending a workshop designed to teach them how to customize the look of the documents that they create. Dylan would like to create a file that he can use as a starting point to create other files for his company. What should he create?

• A) a content control
• B) a style
• C) a template
• D) a theme

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Definitions:

Capital Budgeting

The process of evaluating and selecting long-term investments that are in line with the firm's goal of wealth maximization.

Real Option

The ability to take a course of action that under certain circumstances leads to a benefit. The circumstances that make the action desirable are uncertain, and maintaining the ability to take it requires expenditures before that uncertainty is resolved. Hence, bearing the preliminary cost gives one the option of taking an action in the future that may or may not turn out to be desirable.

Expected NPV

The anticipated Net Present Value of an investment, which estimates the project's profitability by discounting future cash flows to their present value.

Project Outcomes

The results or impacts of a project after its completion, including success, failure, or mixed results.