Why Should You Approach Every Problem by Drawing a Timeline

question 64

Multiple Choice

Why should you approach every problem by drawing a timeline?

• A)Timelines allow you to quickly sum cash flows over time.
• B)Timelines eliminate the majority of flawed financial decisions.
• C)Timelines can be used to schedule events which are yet to occur.
• D)Timelines identify events in a transaction or investment that might otherwise be easily overlooked.
• E)Timelines give present values at each time period.

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Definitions:

Goals

are defined objectives or targets that an individual, group, or organization strives to achieve.

Cognitive Component

Part of an attitude that encompasses beliefs, thoughts, and attributes about an object or situation.

Feeling

An emotional state or reaction that can derive from one's circumstances, mood, or relationships with others.

Status Difference

The variation in prestige, honor, respect, or social ranking among individuals or groups within a society or organization.