Which of the following concepts represents time value of money?
A) the concept that money becomes obsolete over time
B) the concept that money earns interest over time
C) the concept that money loses its purchasing power over time
D) the concept that money can be converted into other currencies over time
B
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Franco and Jason share income and losses in a 2:1 ratio after allowing for salaries of $15,000 and $30,000 . If the partnership suffers a $15,000 loss, by how much would Jason's capital account increase?
a. $10,000 b. $20,000 c. $40,000 d. $25,000
In the 1980s, why did outsourcing have a profound effect on the support industry?
A. It enabled companies to reduce the size of their workforce and to charge less for their services while still delivering the same quality of service. B. It forced companies to recognize and determine the real costs associated with delivering the support services needed by their customers. C. It forced employees to increase their level of expertise and knowledge to keep up with the level attained by outsourcers. D. It enabled service desk to achieve world class and best-in-class status as customer satisfaction continually rose.
Mary is a new supervisor working with a preexisting staff that has resisted many of the new policies she has put into place. Mary explains to the staff that the new policies are more effective than the old ones because they save time and energy and allow the staff more time to spend serving customers. How is Mary overcoming resistance with her staff?
a. by creating a win-win situation b. by creating urgency c. by clearly state why the change is needed and how it will affect employees d. by developing a positive trust climate for change
A Cost Management System (CMS) is never "complete"
Indicate whether the statement is true or false