The process of planning, implementing, and controlling the personal selling function is called:

Kyle and Ursula owned a combination apartment building-restaurant. They shared their profits and losses on the venture equally, but they did not have any written partnership agreement. One day, Ursula died of a heart attack. If, after her death, Kyle continued to only own the same undivided interest in the real estate as he did before, then

A) they were joint tenants. B) they were tenants in common. C) they were stockholders in their own corporation. D) Ursula died intestate.

The brew master at Appalachian Ale has asked you to help choose between two alternatives for a plant expansion

The first choice is a new brew system that costs $180,000 with annual maintenance costs of $17,000, an expected life of 15 years and a required rate of return of 12%. the alternative brew system costs only $98,000, requires $9,000 per year in maintenance, will last only 9 years and has a required return of 10%. Calculate the equivalent annual cost of each system. Based on your results only, which system would you recommend?