If You Want to Know the Present Value of $5,000

question 243

Multiple Choice

If you want to know the present value of $5,000 received in one year,and the interest rate is 2 percent,what formula can you use?

• A)Present value equals $5,000 times 0.02.
• B)Present value equals $5,000 divided by 1.02
• C)Present value equals 1.02 divided by $5,000.
• D)Present value equals $5,000 times 1.02.

Understand the impact of landmark amendments and acts on employment practices.

Recognize the processes involved in resolving employment discrimination claims.

Understand the legal framework for workplace accommodations and age discrimination.

Understand the different levels of measurement and identify examples of variables at each level.

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Definitions:

Short-run Average Total Cost

The total cost of production (fixed and variable costs combined) divided by the quantity of output produced, calculated when some factors of production are fixed.

Factory

A manufacturing facility where goods are produced or assembled.

Efficient Scale

The level of production at which a company can produce its products at the lowest average cost per unit, maximizing efficiency.

Halo Effect

The cognitive bias where the perception of one positive trait influences the perception of other traits of an individual or entity.