The Present Value of a Single Sum [Blank]

question 20

Multiple Choice

The present value of a single sum [blank].

• A)increases as the discount rate decreases
• B)decreases as the discount rate decreases
• C)increases as the number of discount periods increases
• D)increases as the discount rate increases

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Definitions:

Total Business

The complete range of commercial, industrial, or professional activities conducted by an organization or in an economy.

Invention

The creation of a new product, process, or idea that did not exist previously.

Development

A process of improvement in the material conditions of people through diffusion of knowledge and technology.

Technological Advance

The process of improving or developing new methods, tools, or products to increase efficiency, productivity, or quality in various fields, especially economics and industry.