Consumer Ratings of Products Online,like the Zagat's Restaurant Guide and EPinions

question 60

Multiple Choice

Consumer ratings of products online,like the Zagat's Restaurant Guide and ePinions can be considered examples of

• A)Private goods
• B)Public goods
• C)Semi-private goods
• D)Experience goods
• E)Worthless,since you don't know who is doing the reviewing

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Definitions:

Sinking Fund Deposits

Money regularly set aside by a company to repay a debt or replace an asset in the future.

Compounded Annually

An investment or loan interest calculation method where interest is added to the principal sum at the end of each year, with future interest then earned on the new total.

Present Value

Today's value of future cash flows or a lump sum, calculated using an established return rate.

Discounted

The process of determining the present value of a payment or a series of payments made in the future, using a specific discount rate.