What Can Be Concluded from the 2004 National Survey on the Initiation

question 37

Multiple Choice

What can be concluded from the 2004 national survey on the initiation of smoking among 12-17 year olds?

• A)the rate of smoking initiation decreased in the 1990's
• B)the rate of smoking initiation increased in the first half of the 1990's,but decreased in the second half
• C)the rate of smoking initiation decreased in the first half of the 1990's,but increased in the second half
• D)the rate of smoking initiation held steady through the 1990's

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Definitions:

Discount Rate

This rate is applied in discounted cash flow analysis to derive the current value of cash flows expected to be received in the future.

Project

A short-term effort made to develop a distinct product, service, or outcome.

Required Return

The minimum rate of return needed on an investment, determined by the investor’s risk tolerance and the investment’s risk.

NPV

Net Present Value; a calculation used to determine the present value of an investment by discounting its future cash flows.