On a purely theoretical basis, NPV is the better approach to capital budgeting than IRR because NPV implicitly assumes that any intermediate cash inflows generated by an investment are reinvested at the firm's cost of capital

A commercial agreement between a party that owns a trade name or trademark and a party that sells or distributes goods or services using that trade name or trademark is known as a ________

A) joint venture B) joint stock company C) franchise relationship D) syndicate

Which of the following is considered by many to be the defining Web 2.0 application?

A) Instant messaging B) Email C) Blogging D) Social networking E) Widgets