According to Scheffler, the Projects Most Likely to Seem Less

question 123

Multiple Choice

According to Scheffler, the projects most likely to seem less important in the face of the imminent destruction of human life are

• A) Projects for which ultimate success may be a long way off.
• B) Projects that derive their value from benefiting many people over a long period of time.
• C) Both a and b
• D) Neither a nor b

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Definitions:

Commercial Paper

An unsecured, short-term debt instrument issued by corporations, typically used for financing payroll, accounts payable, and inventories.

Simple Interest

Interest that is computed solely on the initial sum invested or loaned, not taking into account any accumulated interest from previous periods.

Face Value

The nominal or dollar value printed on a security or financial instrument, representing its value upon maturity or redemption.

Treasury Bill

A short-term government security issued at a discount from the face value and yielding the face value upon maturity.