________ describes whether you are involved in a job from beginning to end, rather than just bits and pieces

Hospitals and universities are very expensive to run because of the capital and equipment required. The requirement of personnel such as specialized medical doctors and researchers are also high. Which of the following is this an example of?

A. protectionism B. buffering C. barriers to entry D. smoothing E. downsizing

Which of the following is considered an advantage of the net present value method of capital budgeting over the payback method?

A) The NPV considers all cash flows. B) The NPV uses the firm's required rate of return to discount cash flows. C) The NPV method considers opportunity costs in its calculations. D) All of the above are considered advantages for the NPV method.