Deflating Refers to

question 37

Multiple Choice

Deflating refers to

• A) discounting a future value into its present value by accounting for the opportunity cost of money
• B) converting a real value into its associated nominal value
• C) using the discount rate to correct for environmental benefits or costs accruing in some future time period
• D) none of the above

---

Definitions:

Promised Performance

Refers to the expected fulfillment of a pledge or obligation specified in a contract.

Specific Performance

A legal remedy in which a court orders a party to perform their contractual obligations rather than providing a monetary compensation for breach of contract.

Personal Services

Work done or to be done directly by a person as opposed to a product or commodity, often involving professional or artistic skills.

Foreseeable Damages

Damages that a party could reasonably anticipate at the time of contract formation, should a breach occur.