Which of the Following Decisions Would Involve the Use of the Present

question 20

Multiple Choice

Which of the following decisions would involve the use of the present value of $1?

• A) Your brother buys your car and offers to pay you $500 per year for three years or $1,500 in two years.
• B) You win a lawsuit and are offered a lump-sum payment today of $100,000 or $15,000 a year for 20 years.
• C) Your father and mother wish to deposit enough money on the date of your high school graduation to enable you to take a $7,000 cruise when you graduate from college in 4 years.
• D) You want to have $1,000,000 in order to retire at age 55, but need to know how much you will need to deposit each year from now until your 55th birthday.

Analyze critiques of network exchange theory and rational choice theory.

Comprehend the distinctions between social structures based on exchange competition and organizational objectives.

Understand how norms and values influence social structures in society.

Evaluate the contributions and limitations of Peter Blau and George Homans' theories.

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Definitions:

Biblical Episode

A story or event recounted in the Bible, which is considered sacred scripture by Christianity and serves as a source of moral and spiritual guidance.

Exodus

Exodus typically refers to a mass departure of people, often from a hostile or oppressive environment to a safer location.

Current Condition

The existing state or situation of something at a given time, reflecting its present characteristics or status.

Black Advocate

An individual, particularly of African descent, who actively supports and fights for the rights and empowerment of Black people.