Question 1) Why do many business managers feel that ethical behavior is essential to the profitability and survival of their firm?
Question 2) Your Uncle left you a some of money and you need to calculate what is the most fiscally beneficial way to receive your payout. There are 3 options:
1. Take $10,000 now
2. Take 8 $2,000 payments at the end of the year for the next 8 years or
3. Take a $24,000 lump sum payment at the end of 8 years.
If the discount rate is 8 percent, which is the best option?