Equipment Should Be Retired When

question 53

Multiple Choice

Equipment should be retired when:

• A)it is in poor condition.
• B)the net present value of future cash flows is negative.
• C)the net present value of future cash flows is equal to or less than zero.
• D)a better model becomes available.

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Definitions:

Max Weber

A German sociologist, philosopher, and political economist who significantly influenced social theory by emphasizing the importance of cultural and societal aspects on economic and political developments.

Marxism

A socio-economic theory proposed by Karl Marx, focusing on the struggle between social classes, particularly between the bourgeoisie and the proletariat.

Social Darwinist

Refers to the application of the natural selection theory to social, political, and economic issues, proposing that success and failure in these spheres are governed by natural laws.

Survival of the Fittest

is a concept from evolutionary theory, suggesting that individuals or species that are best adapted to their environment are more likely to survive and reproduce.