William Penn's Thoughts Turned to the New World for Several

question 80

Multiple Choice

William Penn's thoughts turned to the New World for several reasons.What is NOT one of these?

• A) He sought to establish an asylum for his people.
• B) He wished to flee the persecution of the Quakers in his native home of England.
• C) He hoped to experiment with liberal ideas in government.
• D) He wished to make a profit in the New World.
• E) He wished to set up a society based on complete equality.

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Definitions:

Hurdle Rate

The minimum acceptable rate of return on an investment that a manager or company seeks before pursuing a project or investment.

Capital-Budgeting

The process a business undertakes to evaluate potential major projects or investments, analyzing the prospective inflows and outflows to determine whether they meet a sufficient return on investment.

IRR Method

The Internal Rate of Return (IRR) method is a financial analysis tool used to evaluate the profitability of investments by finding the interest rate at which the net present value of all cash flows (both positive and negative) from a particular project equals zero.

Hurdle Rate

The minimum rate of return on an investment that a manager or company requires before pursuing a project or investment.