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Describe the personality traits associated with low self-control and discuss how these traits increase the likelihood of delinquency.
Scenario Analysis
A process of analyzing possible future events by considering alternative possible outcomes (scenarios), thus helping in the decision-making process.
Net Present Value
A calculation that compares the value of all cash inflows and outflows of a project or investment, discounted back to their present value.
Worst Case Scenario
The most adverse or negative outcome that can occur in a given situation.
Forecasting Risk
The risk associated with making predictions about future events, which may not turn out as expected, potentially affecting financial projections and decisions.
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