(a) discounted cash flow method of capital budgeting. (b) estimate of the average annual return on investment that a project will generate. (c) capital budgeting method that identifies the discount rate that generates a zero net present value. (d) decision that requires managers to evaluate potential capital investments to determine whether they meet a minimum criterion. (e) only capital budgeting method based on net income instead of cash flow. (f) ratio of the present value of future cash flows to the initial investment. (g) value that a cash flow that happens today will be worth at some point in the future. (h) concept recognizing that cash received today is more valuable than cash received in the future. (i) decision that requires a manager to choose from a set of alternatives. (j) how long it will take for a particular capital investment to pay for itself. (k) capital budgeting technique that compares the present value of the future cash flows for a project to its original investment.

Ann and jack have been partners for several years. their​ firm, a​ & j tax​ preparation, has been very​ successful, as the pair agree on most​ business-related questions. one​ disagreement, however, concerns the legal form of their business. for the past two​ years, ann has tried to convince jack to incorporate. she believes that there is no downside to incorporating and sees only benefits. jack strongly​ disagrees; he thinks that the business should remain a partnership forever. ​ first, take​ ann's side, and explain the positive side to incorporating the business. ​ next, take​ jack's side, and state the advantages to remaining a partnership. ​ lastly, what information would you want if you were asked to make the decision for ann and​ jack? which of the following statements are the advantages of a partnership compared to a​ corporation? ​(choose all that​ apply.) a. less expensive to organize. b. ownership is readily transferable. c. lower income taxes. d. owners have limited liability. e. long life of firm.