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In studies of self-recognition, an infant is placed in front of a mirror after a parent has secretly applied lipstick or some other mark to the infant's nose. Infants younger than 15 months of age are likely to respond by
Working Capital
The measure of a company's liquidity, efficiency, and its short-term financial health, calculated as current assets minus current liabilities.
Externalities
Costs or benefits that affect parties who did not choose to incur that cost or benefit, often related to environmental, public health, or economic activities.
Net Present Value (NPV)
A calculation used to assess the profitability of an investment, measuring the difference between the present value of its cash inflows and outflows.
Internal Rate of Return (IRR)
The rate of growth a project is expected to generate, calculated as the discount rate that makes the net present value (NPV) of all cash flows equal to zero.
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