The Concept of ________ Is Based on the Common-Sense Notion

question 102

Multiple Choice

The concept of ________ is based on the common-sense notion that a dollar paid to you in the future is less valuable to you than a dollar today.

• A)present value
• B)future value
• C)interest
• D)deflation

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Definitions:

Moral Development Theory

A framework that explains the evolution of human morality and ethical behavior through different stages of life, primarily associated with psychologist Lawrence Kohlberg.

Preconventional

A stage in Kohlberg's theory of moral development where behavior is motivated by anticipation of pleasure or pain rather than by societal rules or conventions.

Conventional

Pertaining to methods or practices that are widely accepted and used, typically because they have been established over time.

Postconventional

A stage in moral development where individuals make ethical decisions based on universal principles and the greater good, beyond societal norms.