Examlex
This has been defined as "of several responses made to the same situation,those which are accompanied or closely followed by satisfaction [reinforcement] ...will be more likely to recur; those which are accompanied or closely followed by discomfort [punishment] ...will be less likely to occur."
Net Present Value Method
A financial modeling technique that evaluates the profitability of an investment by discounting future cash flows to their present value and subtracting the initial investment.
Cash Flows
The total amount of money being transferred into and out of a business, often analyzed to assess the financial health of an organization.
Annual Return
The percentage of profit or loss on an investment over a one-year period.
Payback Period
The duration of time it takes to recoup the initial investment cost of a project or investment, through cash inflows or savings.
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