How Did World War I's Committee on Public Information (CPI)inspire

question 61

Multiple Choice

How did World War I's Committee on Public Information (CPI) inspire business in the 1920s?

• A) The wartime experience proved that the best way to prevent overspeculation on the stock market was to inform the public of its dangers.
• B) Business leaders hired private data collectors to measure the effects of propaganda on consumers.
• C) The CPI's success suggested government intervention could have a positive impact on business growth.
• D) Public relations departments were established in many firms to counteract bad publicity.
• E) The CPI discouraged consumers from buying commodities on credit.

Gain insight into the historical trends of U.S. government spending, revenue, and debt.

Understand the concept of Net Present Value (NPV) and its calculation for evaluating project cash flows.

Comprehend the Internal Rate of Return (IRR) and Modified Internal Rate of Return (MIRR) as tools for project assessment.

Determine the applicability of Payback Period in investment decision-making.

---

Definitions:

360-Day Year

This is a simplified method used in some financial calculations where the year is assumed to have 360 days for ease of interest computation.

Total Amount

The complete sum or quantity of something, encompassing all components or elements.

Ordinary Interest

Interest that is calculated based on a 360-day year, often used in banking and finance for simplifying interest calculations on loans and investments.

Exact Interest

This refers to the method of calculating interest based on a 365-day year or actual number of days in a month, providing a precise interest calculation.