At One Time, It Was Assumed That the Use of Robotics

question 65

Multiple Choice

At one time, it was assumed that the use of robotics in the workplace would lead to:

• A) more jobs
• B) fewer jobs
• C) no change in the number of jobs
• D) higher tech jobs

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Definitions:

Present Value

The today's worth of future money or cash flow sequences, when a certain rate of return is applied.

Discount Rate

In finance, the discount rate is the interest rate used to determine the present value of future cash flows.

Present Value

A future sum of money or cash flows' value at present, applying a specific rate of return.

Compound Interest

Compound interest is the addition of interest to the principal sum of a loan or deposit, where interest in the next period is then earned on the principal sum plus previously accumulated interest.