Hard Adventure Requires That _____________________

question 46

Multiple Choice

Hard adventure requires that _____________________.

• A) a person pre-train; they need specialized equipment and risks are taken
• B) the travel experience be difficult
• C) a group leader guides the travellers, due to the high level of risk
• D) advanced bookings are made and costs are high

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Definitions:

Salvage Value

This is the estimated resale value of an asset at the end of its useful life.

Net Present Value

Net Present Value is a financial metric that calculates the difference between the present value of cash inflows and outflows over a period of time, used to assess the profitability of an investment.

Pretax Return

The income an investment generates before taxes are taken into account.

Working Capital

Current assets minus current liabilities, representing the liquidity available to a business for day-to-day operations.