From a Financial Manager's Perspective, the Time Value of Money

Multiple Choice

From a financial manager's perspective, the time value of money reflects the fact that:

A) a dollar received today is worth more than a dollar received in the future.
B) a dollar received today is worth less than a dollar received in the future.
C) cash flows are likely to be positive at the start of a long-term investment project.
D) cash flows are likely to be negative at the end of a long-term investment project.