Nic Is a Great Basketball Player with a Long Professional

question 4

Multiple Choice

Nic is a great basketball player with a long professional career in front of him.He plays for a European professional team that has made him a very interesting offer.If he will take a "below market" salary beginning one year from today,they will guarantee a 5% annual raise forever - even after he stops playing ball.If the offer is for a $5,000,000 salary to be received one year from today with subsequent payments as described,what is the present value of the contract offer if the cash flows should be discounted at a rate of 12%?

• A)$71,428,571
• B)$75,000,000
• C)$41,666,667
• D)$43,750,000

Identify and analyze the ethical and practical considerations of using punishment and reinforcement in behavior modification.

Acknowledge the limitations and criticisms of behaviorist approaches, including the neglect of cognitive and emotional aspects of learning.

Understand the concept of preparedness in learning and its evolutionary significance.

Illustrate the application of operant conditioning principles in educational settings and personal goal setting.

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Definitions:

Misdemeanor

A criminal offense that is less serious than a felony and generally punishable by fines, penalties, or a short term in jail.

Negligent Liability

Legal responsibility for harm caused as a result of failing to act as a reasonable person would have acted under similar circumstances.

Certified Public Accountant

A professional accountant who has met certain education and licensing requirements and is qualified to perform accounting services for the public.

Financial Trouble

A situation where an individual or organization struggles to meet financial obligations due to insufficient funds or mismanagement.