As used in the purchasing process chapter, the term ______________________________ refers to raw materials, merchandise, supplies, fixed assets, or intangible assets

The United States and Japan are often noted as _____cultures, while many Scandinavian nations feature cultures that place more emphasis on _____.

a. indirect; direct b. collectivist; individualistic c. materialistic; relationships d. explicit-rule; modesty e. long-term orientation; short-term orientation

Dons Corporation is planning a 15 year project with an initial investment of $2,500,000. The project will have $400,000 cash inflows per year in years 1-5; $200,000 cash inflows in years 6-10, and $40,000 cash inflows in years 11-15. Determine the projects rate of return.

A) 12.67% B) 3.67% C) 9.35% D) 5.15%