A Wealthy Relative Promises to Give You $5000 When You

question 71

Multiple Choice

A wealthy relative promises to give you $5000 when you complete all of the college courses needed to earn a degree in business.The present value of this future sum must be which of the following?

• A)Less than $5000, but the exact value depends on how long it takes you to earn your degree and the rate of interest you can earn on investments.
• B)Less than $5000, but the exact value depends on how long it takes you to earn your degree and the exchange rate for the dollar.
• C)More than $5000, but the exact value depends on the exchange rate for the dollar and the rate of interest you could earn on investments.
• D)More than $5000, but the exact value depends on how long it takes you to earn your degree and the rate of interest you can earn on investments.

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Definitions:

Emotion-Focused Coping

A type of stress management that involves attempting to reduce the negative emotional responses associated with stress, rather than addressing the root cause of the stress.

External Locus

The belief that outcomes in one's life are primarily determined by outside forces or circumstances beyond one's control.

Locus of Control

Refers to an individual's belief about the extent to which their actions influence the outcomes in their lives.

Type B Personality

A temperament distinguished by its serene, forbearing, and unhurried demeanor.