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lana66690 [7]
3 years ago
8

The time value of money refers to the fact that a dollar received today is worth less than a dollar promised at some time in the

future. True or False
Business
1 answer:
DerKrebs [107]3 years ago
7 0
Completely true. If I had a choice between a dollar today or a dollar in 10 years of course I prefer it today which makes it more valuable because:

1) I could put the dollar in a bank account and earn interest over that same 10 years
2) inflation will to some degree lessen the value of that dollar 10 years from now
3) I can consume something with that dollar rather than wait a decade to consume the same thin
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The investment a company makes in training employees to perform their duties and redesigning products and processes to improve t
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True

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Training employees that is the benefit from training will be reducing cost and improving quality of the product, therefore, it will be considered as prevention costs.

Further cost incurred for redesigning products and processes will improve the quality of the product and the process therefore this cost can also be considered as prevention costs.

Final Answer

The above statement is true.

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