The internal rate of return (IRR) is the interest rate that sets the net present value (NPV) of the cash flows equal to zero

Outputs divided by inputs over a specific period of time equals ___________

Fill in the blank(s) with the appropriate word(s).

Ping applied for a job with his employer that would be a promotion. He was upset because he was not selected even though he was qualified. Someone external to the company was hired. Why would a company not promote a qualified internal candidate?

a. The company does not value the KSAs and loyalty of current employees. b. Internal candidates are never as productive as external candidates. c. The employer wanted Ping to leave. d. Fresh ideas are wanted in the company.