Which of the Following Characteristics Is Not True of the Modified

question 126

Multiple Choice

Which of the following characteristics is not true of the modified internal rate of return (MIRR) ?

• A) Unlike IRR, MIRR does not consider the time value of money.
• B) It focuses on after-tax cash flows, rather than accounting income amounts.
• C) It cannot be used reliably to choose between mutually exclusive projects.
• D) Its use may not lead to an optimum capital budget.
• E) It is complex to compute, if done manually.

Analyze how changes in preferences, incomes, and prices of related goods affect demand.

Understand the relationship between price changes and consumer demand (income effect, substitution effect).

Identify the impact of price changes on complementary and substitute goods.

Distinguish between normal and inferior goods and their responses to income changes.

---

Definitions:

Chancre

A painless ulcer, typically forming during the primary stage of syphilis, that can appear on the genitals, anus, or mouth.

Adaptive Thermogenesis

A physiological process where the body regulates its temperature in response to environmental changes, such as cold, leading to an increase or decrease in heat production.

Weight-Loss

The process of losing body weight, typically through diet, exercise, or a combination of both.

Cognitive-Behavioral Method

A psychotherapeutic approach that addresses dysfunctional emotions, behaviors, and cognitions through a goal-oriented, systematic procedure.