A firm has after-tax cash flow from operations equal to $100,000. Operating working capital

increased by $20,000, and the firm purchased $30,000 of fixed assets. The firm's free cash flow was

A) $90,000. B) $110,000. C) $50,000. D) $150,000.

C

Business

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Online communities where people socialize or exchange information and opinions are called ________.

A) corporate Web sites B) marketing Web sites C) online social networks D) interactive Web sites E) affiliate programs

Business

In the past, federal, state and local governments could not be sued unless they agreed to the suit. Upon what doctrine was this freedom from litigation based?

a) Philosophy of entitlement b) Joint and several liability rule c) Assumption of the risk doctrine d) Sovereign immunity

Business