At the End of the Day,Jerrold Sees That Mike Has

question 24

Multiple Choice

At the end of the day,Jerrold sees that Mike has neglected to turn off the machine he operates.As Mike's supervisor,Jerrold knows that this is serious offense,and gives him an oral warning right away.Jerrold's action is an example of which element of the hot stove rule?

• A)Advance warning
• B)Impersonality
• C)Immediacy
• D)Consistency

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Definitions:

Present Value Method

A financial calculation that determines the current worth of a future sum of money or stream of cash flows given a specific rate of return.

Ignore Present Value

A decision to not consider the current worth of future cash flows or payments, often applied in financial analysis.

Average Rate of Return

A financial ratio used to estimate the profitability of an investment, calculated as the net profit divided by the initial cost of investment.

Average Rate of Return

A method of assessing the profitability of an investment by dividing the average annual profit by the initial investment cost.