1. There are two ways of financing capital programs (i.e. pay-as-you-go and pay-as-you-use). Please describe each of these programs, in addition to listing their pros and cons.
2. Define social entrepreneur and outline a few of the current trends in the social entrepreneurship movement.
3. If you were an athlete negotiating a contract, would you want a big signing bonus payabl immediately and smaller payments in the future or vice versa? Explain your answer. What is an APR? EAR? Which is more relevant for financial decisions? Explain in detail.