Luong Machines Company is evaluating an investment of $1,100,000 which will yield net cash inflows of $197,062 per year for 7 years with no residual value. What is the internal rate of return?
A) 5%
B) 6%
C) 7%
D) 8%
B) 6%
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Maxine has $1,000 to invest today. How much will her money be worth in 15 years if she earns 9% compounded semiannually on her money?
A) $3,745 B) $13,268 C) $3,642 D) $1,935
Even when a commitment has been made and money allocated for a social cause, what additional barrier often thwarts the organization’s CSR efforts?
a. lack of specific “worthy” community projects b. lack of steady leadership c. community push back d. disagreement on what approach to use
An important advantage of first movers in a market is that they may establish brand recognition that may later serve as an important switching cost.
Answer the following statement true (T) or false (F)
All member states of the European Union apply a single set of tariffs, called the __________ tariff, on goods imported from outside the European Union
a. accepted use b. mandated application c. common customs d. European exaction