If the Present Value of $3,000 to Be Received After

question 25

Multiple Choice

If the present value of $3,000 to be received after a year is $2,795, the annual rate of discount must be

• A)5.65%.
• B)7.33%.
• C)9%.
• D)11.11%.

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Definitions:

Level of Effectiveness

A measure of how well an action achieves its intended outcome or objectives.

David A. Garvin's Model

A framework developed by David A. Garvin that outlines eight dimensions of product quality, including performance, features, reliability, conformance, durability, serviceability, aesthetics, and perceived quality.

Learning Organization

An organization that prioritizes and facilitates continuous learning and development among its members, adapting and evolving in response to changes and challenges.

Continuous Improvement

An ongoing effort to improve products, services, or processes by making incremental enhancements over time.