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Professor Tyrone is interested in studying how the use of media (such as having the television on, answering text messages, or listening to an I-pod) affects students' ability to study for their courses. It would be better if she got permission to look up the students' grade point average than to simply ask the students to self-report their grade point average because
IRR (Internal Rate of Return)
The rate of return that brings the total net present value of all cash flows from a given project to zero.
Independent Project
A project whose cash flows are not influenced by the acceptance or non-acceptance of other projects, allowing it to be evaluated on its own merits.
Explicitly Considered
Directly factored into an analysis or decision-making process without assumptions or implications.
Cash Flows
The total amount of money being transferred into and out of a business, particularly in terms of operational activities.
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