At an Interest Rate of 3%,what Is the Present Value

question 81

Multiple Choice

At an interest rate of 3%,what is the present value of $1,000 to be received five years from now?

• A) $850
• B) $863
• C) $1,159
• D) $1,667

---

Definitions:

Firm-Specific Knowledge

Specialized knowledge that is valuable and unique to a particular company, including its processes, practices, and intellectual property, contributing to its competitive advantage.

Internal Candidates

Employees within an organization who are considered for a vacant position or promotion, as opposed to sourcing candidates from outside the organization.

Succession Management

The process of identifying and developing new leaders who can replace old leaders when they leave, retire, or die.

Labour Gaps

Refers to the discrepancies between the skills and qualifications employers require and those that employees possess.