Financial Planning Models Seek to Maximize (Or Minimize) the Value

question 34

Multiple Choice

financial planning models seek to maximize (or minimize) the value of some objective function, such as profits (or costs) .

• A)Deterministic
• B)Optimization
• C)Probabilistic
• D)none of the answers is correct

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Definitions:

Intrinsic Rewards

Psychological or satisfaction-based rewards that individuals derive directly from engaging in an activity or task rather than from any external compensation.

Theories of Motivation

These are various psychological theories that aim to explain what drives human behavior, highlighting factors that stimulate the desire to undertake particular actions.

Motivation

The forces or factors that influence individuals to act towards achieving a goal.

Job Performance

Job performance encompasses the effectiveness, quality, and efficiency with which an employee carries out their assigned tasks and responsibilities within a workplace.