Countries with high uncertainty avoidance prefer leaders who share power and seek input from followers.

You pay your neighbor $100 in exchange for the used washing machine she is selling. Your neighbor puts that $100 into her pocket and takes her family out to the movies and a nice dinner at the end of the week. She still has $20 left after this outing and decides to put the remaining $20 into her savings account. This is an example of:

A. Store of value B. Exchange rate C. Time value of money

Interstate Appliance Inc is considering the following 3 mutually exclusive projects

Projected cash flows for these ventures are as follows: Plan A Plan B Plan C Initial Initial Initial Outlay = $3,600,000 Outlay = $6,000,000 Outlay = $3,500,000 Cash Flow: Cash Flow: Cash Flow: Yr 1 = $-0- Yr 1 = $4,000,000 Yr 1 = $2,000,000 Yr 2= -0- Yr 2 = 3,000,000 Yr 2 = -0- Yr 3 = -0- Yr 3 = 2,000,000 Yr 3 = 2,000,000 Yr 4 = -0- Yr 4 = -0- Yr 4 = 2,000,000 Yr 5 = $7,000,000 Yr 5 = -0- Yr 5 = 2,000,000 If Interstate Appliance has a 12% cost of capital, what decision should be made regarding the projects above? A) accept plan A B) accept plan B C) accept plan C D) accept Plans A, B and C