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Hollerith's Machines Were One of the First Examples of the Use

question 28

True/False

Hollerith's machines were one of the first examples of the use of automated information processing to solve large-scale, real-world problems.


Definitions:

Profitability Index

A calculation used to determine the relative profitability of a project by dividing the present value of future expected cash flows by the initial investment.

Present Value

The current worth of a future sum of money or cash flows, given a specified rate of return.

Internal Rate Of Return

The percentage rate that equalizes the net present value of a project's cash flows to zero.

Mutually Exclusive Projects

Investment projects where the acceptance of one negates the possibility of accepting another.

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