The Solution to This Problem Requires Time Value of Money

question 107

Multiple Choice

The solution to this problem requires time value of money calculations.Reference to Tables 9-1 through 9-4 in the text is necessary to complete the calculations. Winston wins the lottery.He wins $20,000 per year to be paid to him for 10 years.The state offers him the choice of a cash settlement now instead of the annual payments for 10 years.If the interest rate is 6%, what is the amount the state will offer for a settlement today?

• A) $147,200
• B) $154,440
• C) $175,000
• D) $200,000

Understand the causes and effects of organizational inertia and how perceived threats can both motivate and hinder change.

Recognize the relationship between environmental dynamics and the necessity for organizational change, including the degree of change needed for effectiveness.

Identify the reasons for the failure of organizational change programs, emphasizing the importance of proper diagnosis, change management, and cultural adjustments.

Relate the concepts of unfreezing, change, and refreezing in the context of organizational development and change processes.