You Need Help on a Project So You Approach a Colleague

question 25

Multiple Choice

You need help on a project so you approach a colleague who is busily doing his own work. When you approach this audience, ________.

• A)begin by describing your project in great detail so your coworker will know exactly what he is getting into
• B)you should expect that he is already prepared to listen
• C)briefly describe what you want so he will know why you are communicating
• D)do not address any possible objections that might make your coworker say no to your request
• E)you should preface your remarks by saying, "You probably don't want to help me but I'll ask anyway"

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Definitions:

NPV

Net Present Value; a method used in capital budgeting to evaluate the profitability of an investment or project, calculated by discounting future cash flows to their present value and subtracting the initial investment.

IRR

Internal Rate of Return; a metric used in capital budgeting to estimate the profitability of potential investments.

MIRR

Modified Internal Rate of Return, a measure used in capital budgeting to estimate the profitability of potential investments.

NPV

Net Present Value, a calculation used to determine the present value of an investment's cash inflows and outflows over time.