Scenario B

question 65

Multiple Choice

Scenario B. Suppose that after reviewing the history of many successful entrepreneurial ventures, a few of them stand out in your mind as interesting. They are:
1. Minute Clinic's health care kiosks in Target and Albertson's Food stores.
2. Visionics biometric software that can assist in identifying runaways, shoplifters or terrorists.
3. Nanostring's molecular bar coding enterprise.
4. The tourism industry at Mt. St. Helens, a volcano in the U.S. that recently erupted.

-Minute Clinic is an example of a business that was created as a result of

• A)technological discoveries.
• B)demographic changes.
• C)economic dislocations.
• D)calamities.
• E)government initiatives and rule changes.

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Definitions:

Implicit Interest

The interest amount represented in the difference between the present value and the future value of a payment or investment.

Nominal Face Value

The stated value of a financial instrument (e.g., bond) at issuance, unrelated to market value.

Zero Coupon Bond

A debt security that doesn't pay interest but is traded at a deep discount, offering a profit at maturity when the bond is redeemed for its full face value.

Face Value

The nominal value stated on a financial instrument, such as a bond or stock, representing its worth at issuance or maturity.