Describe the Interactions Between Science and Society

question 2

Essay

Describe the interactions between science and society.

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Definitions:

Net Present Value

A calculation that determines the present value of future cash flows minus initial investment; it's used to assess the profitability of an investment.

Required Rate

Often referred to the required rate of return, it is the minimum expected rate of return on an investment deemed acceptable to an investor.

Payback Period

The duration of time it takes for an investment to generate an amount of income or cash flow equal to the cost of the investment.

Salvage Value

The estimated residual value of an asset at the end of its useful life.