You Have Won the Lottery

question 321

Essay

You have won the lottery. There are two payment options for you. The first option is a lump sum payment of $10 million that you will receive immediately. The second option is an annual payment of $1 million for each of the next 12 years. Assume there is no inflation. How would you make a decision between the two options?

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Definitions:

Global Teams

Groups of individuals working across time zones, borders, and cultures towards a common goal, often facilitated by technology.

Self-managed Team

A type of team that operates without direct supervision, assuming responsibility for managing their work and processes.

Marketing Department

A division within a company responsible for promoting products or services, developing strategies, and managing customer relationships.

Accounts Receivable

Money owed to a business by its clients or customers for goods or services that have been delivered but not yet paid for.