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A U.S.-based MNC has just established a subsidiary in Algeria. Shortly aFter the plant was built, the MNC determines that its exchange rate forecasts, which had previously indicated a slight appreciation in the Algerian dinar, were probably false. Instead of a slight appreciation, the MNC now expects that the dinar will depreciate substantially due to political turmoil in Algeria. This new development would likely cause the MNC to ____ its estimate of the previously computed net present value.
Martin Seligman
A psychologist known for his contributions to the fields of positive psychology and well-being, focusing on topics like happiness, optimism, and resilience.
Uncontrollable Events
Situations or occurrences that individuals cannot influence or alter through their actions or decisions.
Julian Rotter
An American psychologist known for his work in social learning theory and the development of the concept of locus of control.
Sonja Lyubomirsky
A professor of psychology known for her research on human happiness.
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