When constraints are nonlinear, any local optimum is also a global optimum
a. True
b. False
B
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Modigliani and Miller (M&M) Proposition II states:
A) the cost of equity does not change when a firm takes on a greater proportion of debt.
B) the cost of equity increases when a firm takes on a greater proportion of debt.
C) the cost of debt increases when a firm takes on a greater proportion of equity.
D) the cost of equity decreases when a firm takes on a greater proportion of debt.
Most people are at the ______ level of moral development.
A. preconventional B. conventional C. postconventional D. multiconventional
The American interpretation of the term "exchange contracts" excludes securities contracts
Indicate whether the statement is true or false
All of the following are categories of torts EXCEPT
A) intentional torts. B) breach of contract. C) strict liability. D) negligence.