If a decision tree indicates an expected NPV of $1 million, then:
A) all of the outcomes had a positive NPV.
B) $1 million Is the firm's minimum guaranteed profit.
C) the project still contains uncertainty.
D) at least one of the outcomes had a negative NPV.
Ans: C) the project still contains uncertainty.
Business
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Kaplan was waterskiing behind a boat driven by Lizzie. Kaplan was injured when Lizzie carelessly drove the boat into shallow water. Kaplan sued Lizzie for negligence. Which of the following is Lizzie's best defense?
A. Comparative negligence. B. Third party fault. C. No causation. D. Assumption of the risk.
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One-stop shopping by consumers is enhanced by _____
a. the sorting process b. store-based inventory systems c. regionalization of department stores d. consumer credit
Business