Define the term measure of worth. Identify three different commonly-applied measures.

What will be an ideal response?


Measure of worth is a criterion used to select the economically best alternative. Some
measures are present worth, rate of return, payback period, benefit/cost ratio.

Philosophy & Belief

You might also like to view...

Which of the following is the political philosophy based on respect for established institutions and traditions?

What will be an ideal response?

Philosophy & Belief

According to Heraclitus, _____ is the rule according to which all things are accomplished and the law that is found in all things.

Fill in the blank(s) with the appropriate word(s).

Philosophy & Belief

Missionary work is the __________

a. process of preparing the sacred emblems of a ritual b. practice of healing the sick c. effort to preach the gospel to others d. belief in God as merciful

Philosophy & Belief

An ostensive definition states the subclass in which a thing is contained.

Answer the following statement true (T) or false (F)

Philosophy & Belief