What Are the Advantages and Disadvantages of the Net Present

question 28

Short Answer

What are the advantages and disadvantages of the net present value technique?

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Definitions:

Homeostasis

The tendency to maintain equilibrium by adjusting physiological or psychological processes.

Primary Drives

Basic, innate drives that motivate behavior essential for survival, such as hunger, thirst, and avoidance of pain.

Hull

An American psychologist who developed the drive-reduction theory, emphasizing the role of biological needs in motivation and behavior.

Stimulus-Response

The basic concept that a specific stimulus will elicit a specific, predictable response in an organism.