Little Air Ltd

question 9

Multiple Choice

Little Air Ltd. is considering two different projects of unequal length. Which two approaches to this problem should result in the same decision?

• A) Using the equivalent-interest-rate approach and the shortest-common-period-of-time approach.
• B) Using the equivalent-annual-annuity approach and the shortest-common-period-of-time approach.
• C) Using the equivalent-annual-annuity approach and the smallest-discount-rate approach.
• D) Using the equivalent-internal-rate-of-return approach and the shortest-common-period-of-time approach.
• E) Using the equivalent-annual-cost approach and the shortest-common-discount approach.

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Definitions:

Latent Functions

The unintended consequences of an action or social pattern.

Dominant Ideology

The set of beliefs, values, and norms that reflect the interests of the ruling class or majority group in a society, often taken as natural or universally true.

Ruling Class

denotes the social class that holds primary power and authority in a society, often owning the means of production or governing.

False Consciousness

Belief in and support for the system that oppresses you.