Examlex

Solved

Read Each of the Following Essay Introductions

question 19

Multiple Choice

Read each of the following essay introductions. Then select the method the writer used to begin the essay. The essay below begins with a(n)
Mario Conley joined a gang when he was just 12 years old. Drawn to the power, money, respect, and loyal friends that the gang members in his neighborhood seemed to have, Mario soon became one of them. Soon afterward, though, he learned about the dark side of gang membership. His fellow gang members pressured him to skip school, drink alcohol, do drugs, steal, lie, and fight. By the time he was sixteen, he had already been arrested ten times for drug crimes, assault, and vandalism. By age 18, he was serving a 20-year-sentence for shooting and killing a rival gang member. Mario's experience is typical of young gang members, who almost always wind up dead or in prison. Today, still behind bars, Mario advises others to avoid being seduced by the gang life. Joining a gang is one of the worst mistakes a young person can make.


Definitions:

Accounting Break-Even

The sales level that results in zero project net income.

Forecasting Risk

The possibility that errors in projected cash flows lead to incorrect decisions.

Projected Sales

An estimate of the amount of revenue that a company expects to generate in a future period.

Sensitivity Analysis

Investigation of what happens to NPV when only one variable is changed.

Related Questions