The Present Value of $1000 to Be Received at the End

question 62

Multiple Choice

The present value of $1000 to be received at the end of five years, if the discount rate is 10%, is [blank].

• A)$621
• B)$784
• C)$614
• D)$500

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Definitions:

Vroom, Yetton, Jago DECISION-MAKING Model

A situational leadership model that outlines how leaders can make effective decisions by evaluating the importance of the decision, the necessity of quality, and the acceptance of others.

Authority Decisions

relate to choices or judgments made by individuals or bodies holding power or command within an organization.

Manager

An individual responsible for directing, controlling, and administering an organization or group, overseeing tasks, and making decisions.

Confirmation Error

The tendency to seek confirmation for what is already thought to be true and not search for disconfirming information.