You Are Trying to Pick the Least-Expensive Machine for Your

question 94

Multiple Choice

You are trying to pick the least-expensive machine for your company. You have two choices: machine A, which will cost $100,000 to purchase and which will have OCF of -$7,000 annually throughout the machine's expected life of three years; and machine B, which will cost $125,000 to purchase and which will have OCF of -$2,600 annually throughout that machine's four-year life. Both machines will be worthless at the end of their life. If you intend to replace whichever type of machine you choose with the same thing when its life runs out, again and again out into the foreseeable future, and if your business has a cost of capital of 15 percent, which one should you choose?

• A) Machine A
• B) Machine B
• C) Both Machine A and B
• D) Neither Machine A nor B

Understand the contribution of pioneering female psychologists to the field and society.

Identify misconceptions and correct practices related to critical thinking.

Recognize the impact of psychology on understanding animal behavior and learning processes.

Grasp the historical development and theoretical underpinnings of psychology.

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Definitions:

Evaluation Apprehension

Anxiety or concern felt by individuals when they believe they are being assessed by others, which can influence their performance and participation.

Groupthink

is a psychological phenomenon where the desire for harmony and conformity in a group results in an irrational or dysfunctional decision-making outcome, with members minimizing conflict and reaching a consensus without critical evaluation.

Groupthink

A psychological phenomenon in which the desire for harmony and conformity within a group results in an irrational or dysfunctional decision-making outcome.

Opinionated Team Leader

A leader who strongly holds and expresses their personal views and beliefs, influencing team dynamics and decisions.