Hiking in the Woods, You Keep Swatting at the Irritating

question 107

Multiple Choice

Hiking in the woods, you keep swatting at the irritating mosquitoes that land on your face. Later, you're surprised to discover a number of itchy mosquito bites on the backs of your legs. The reason you noticed the mosquitoes landing on your face but did not notice the mosquitoes landing on your legs is probably because:

• A)there are more sensory receptors in your facial skin than in the skin on the backs of your legs.
• B)you were able to hear the mosquitoes buzzing near your face but not those that landed on your legs.
• C)there are no Pacinian corpuscles in the skin on your legs.
• D)heat from your leg muscles masked the sensation of biting mosquitoes.

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Definitions:

Internal Rate Of Return

The discount rate at which the net present value of an investment project is zero; the rate of return of a project over its useful life.

Cash Inflow

The total amount of money being received by a company, often from its main activities such as sales of goods or services.

Investment Required

The amount of capital needed to undertake a project, purchase assets, or start a business to generate future returns.

Capital Budgeting

The process of evaluating and selecting long-term investments that are in line with the goal of shareholder wealth maximization.