The actual rate of return on an investment is the internal rate of return

Prism Glass is converting to a new information system. To expedite and speed up implementation, the CEO asked your consulting team to postpone establishing standards and controls until after the system is fully operational

How should you respond to the CEO's request?

Don borrows $90,000 to buy a home. His mortgage is with Western Bank. Don is unable to make his mortgage payments. Western forecloses on Don's house and sells it in a judicial sale. The bank gets $95,000 for the house. In this case, it:

a. keeps the extra money as the new owner of the property b. keeps the extra money to reimburse it for its expenses c. must pay the secretary of state for the expenses the office has incurred d. obtain a mechanic's lien against Don e. none of the other choices