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Describe the three forms of cognitive learning. Explain the differences between each of these forms and tell which scientist is credited with their discovery.
Work Inputs
The effort, materials, and resources put into a process or system to achieve an output or result.
Present Discounted Value
The current value of a future sum of money or stream of cash flows, given a specified rate of return.
Expected Profits
Projected earnings calculated by estimating revenues and subtracting anticipated costs and expenses.
Interest Rates
The cost of borrowing money or the return on savings, typically expressed as a percentage.
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