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You Just Won the Lottery

question 87

Multiple Choice

You just won the lottery.You have a choice of three different prize options.
Option #1: receive $1,200 immediately
Option #2: receive $1,500 a year from now
Option #3: receive $5,000 five years from now.
If the interest rate is 10% the ranking of the options,from the lowest present value to the highest is


Definitions:

Strategic Plans

Long-term roadmaps designed by organizations to achieve their major goals and objectives.

Long-term Focus

A strategic perspective prioritizing long-range planning and investment in future outcomes over immediate gains.

Formulated

Developed or devised carefully, usually with a specific purpose or outcome in mind.

Farsighted Management

Strategic approaches in management that emphasize long-term planning, foresight, and anticipation of future trends or events.

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