Which of the Following Statements Is True About the Time

question 30

Multiple Choice

Which of the following statements is true about the time value of money?

• A)The future value of a single sum will be greater if funds earn 5% instead of 10%.
• B)The future value of a single sum will be unaffected by the rate of return at which funds grow.
• C)The future value of a single sum will be greater if funds earn 12% instead of 6%.
• D)The future value of a single sum will be unaffected by the length of time funds are invested.

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Definitions:

Geocentric

Pertains to considering the earth as the center, often related to business strategies that adopt a global approach irrespective of national boundaries.

Ethnorelative

pertains to an understanding and appreciation of cultural differences, promoting a positive and inclusive attitude towards diverse cultural backgrounds.

Polycentric

A term in international business denoting a strategy where a company adapts its products and services to each local market it operates in, respecting local customs and culture.

Personal Counseling

A professional service offering confidential support and advice to individuals dealing with personal issues or challenges.