Explain the Novelty and Predictability Dialectic and Provide an Example

question 15

Essay

Explain the novelty and predictability dialectic and provide an example of a relationship that exhibits it.

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Definitions:

Lowest Rank

Refers to the position, level, or grade of an entity or individual that is at the bottom of a hierarchical system.

Payback Periods

The length of time required to recoup the initial investment in a project or investment, measured in years or months.

Higher Risk

Refers to the increased likelihood of experiencing a loss or encountering a negative outcome in an investment or other business activity.

Hurdle Rate

The minimum acceptable rate of return on an investment that a manager or company would consider in order to pursue the project.