The Future Value of a $500 Ordinary Annuity Received for Three

question 18

Multiple Choice

The future value of a $500 ordinary annuity received for three years is $________ ,assuming an investment rate of 10%:

• A)1,655.00
• B)665.50
• C)1,820.50
• D)335.65

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Definitions:

Adaptive Organizational Culture

A culture that emphasizes flexibility, learning, and responsiveness to change, enabling an organization to adjust and thrive in dynamic environments.

Risk Taking

The willingness to engage in behaviors or actions that entail a potential for loss or failure, with the expectation of achieving a significant reward.

Strong Organizational Cultures

Cultures within organizations characterized by shared values, beliefs, and practices that strongly influence the behavior of its members.

Motivation

The process that initiates, guides, and maintains goal-oriented behaviors.