Discuss the below:
Part 1: Time value of money (TVM) is a very important concept. Why is it important for those participating in the capital budgeting process?
Part 2: Based on what you read in the textbook about leasing, would you prefer to purchase or lease a new automobile? Give reasons for your decision. Be sure to respond to at least one other student's answer on the board.
Itemize reasons why a hierarchy of authority emerges in an organization, and explain the process of vertical differentiation. How might these constructs apply to the organizational structure and culture?