A Variable Declared in a Function Is Also Called A(n)____

question 101

Multiple Choice

A variable declared in a function is also called a(n) ____ variable.

• A) global
• B) scope
• C) illegal
• D) local

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Definitions:

Discounted Payback Period

The time required to recoup the cost of an investment while accounting for the time value of money, typically used in capital budgeting to assess profitability.

After-Tax Cash Inflows

The net cash that a business generates after accounting for all taxes.

Required Return

The minimum return an investor expects to achieve on an investment, considering its risk level.

Internal Rate of Return

A financial metric used to gauge the profitability of potential investments.