The Knowing-Doing Gap Communicates That It Is Not Enough to Look

question 41

True/False

The knowing-doing gap communicates that it is not enough to look at what is learned and knowledge gained about change,change strategies and resistance,but that this knowledge must be converted into action and evaluation.

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Definitions:

Time Value

The principle that having money now is more valuable than the same sum in the future because of its ability to earn more over time.

Money

A medium of exchange that facilitates the transfer of goods and services and serves as a measure of value and a store of wealth.

Interest

The cost of borrowing money or the payment received for the lending of resources, typically expressed as a percentage rate over a period of time.

Present Value Analysis

The process of determining the present worth of a future stream of cash flows by applying a discount rate to account for the time value of money.