The Belief That Hard Work and Adherence to a Set

question 11

Multiple Choice

The belief that hard work and adherence to a set of virtues such as thrift,saving,and sobriety would bring wealth and God's approval is known as:

• A) functionalism.
• B) the Protestant ethic.
• C) the Confucian ethic.
• D) positivism.

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Definitions:

Internal Rate of Return (IRR)

A metric used in capital budgeting to estimate the profitability of potential investments, calculated as the discount rate that makes the net present value of all cash flows equal to zero.

Net Present Value (NPV)

A method used in capital budgeting to assess the profitability of an investment or project by calculating the difference between the present value of cash inflows and outflows.

Capital Cost Allowance (CCA)

A yearly deduction or depreciation on the cost of certain assets that can be claimed for tax purposes in Canada.

Operating Cash Flow

Cash generated from the core business operations of a company, excluding financing and investment activities.