Recent Events Indicate That When Permission for Exemption from the CITES

question 70

Multiple Choice

Recent events indicate that when permission for exemption from the CITES agreement is granted to allow the sale of legally collected ivory,

• A)there is no longer a market for elephant ivory.
• B)the elephant population increases.
• C)the sale of poached ivory decreases.
• D)the sale of poached ivory increases.

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Definitions:

NPV

Net Present Value, a method used in capital budgeting to evaluate the profitability of an investment or project, by calculating the difference between the present value of cash inflows and outflows.

IRR

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

NPV

Net Present Value, a financial metric used to analyze the profitability of an investment or project, calculated by subtracting the present value of cash outflows from the present value of cash inflows over a period of time.

Capital Budgeting

The process a business undergoes to evaluate potential major investments or expenses.