List the events in the working-capital cycle that directly affect cash and those that do not. What determines the length of a firm’s cash conversion period?

Define internal rate of return.

Define business risk and then distinguish between pure risk and market risk.

Describe the different sources of legal liability.

Each question should be answered via 1-3 well developed paragraphs and must be prepared in a word processing program (i.e. Microsoft Word, Microsoft Works).