A codicil is a will substitute that avoids the cost of probate
Indicate whether the statement is true or false
F
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Which of the following statements is true of supply chain-oriented firms?
A. They lack the support of top managers. B. They are willing to accept long-term risks on behalf of others. C. They work against their partners when seeking to achieve goals. D. They are financially better off in the long run than companies that are not.
Which of the following statements is CORRECT?
A. There is no reason to think that changes in the personal tax rate would affect firms' capital structure decisions. B. A firm with high business risk is more likely to increase its use of financial leverage than a firm with low business risk, assuming all else equal. C. If a firm's after-tax cost of equity exceeds its after-tax cost of debt, it can always reduce its WACC by increasing its use of debt. D. Suppose a firm has less than its optimal amount of debt. Increasing its use of debt to the point where it is at its optimal capital structure will decrease the costs of both debt and equity financing. E. In general, a firm with low operating leverage also has a small proportion of its total costs in the form of fixed costs.
Which of the following is the largest cost associated with bankruptcy?
A) Managerial time and resources devoted to the bankruptcy proceedings B) Legal expenses C) The loss of key customers and employees D) Bankruptcy court fees E) Banking fines
What is the basis for an accountant's potential criminal liability in rendering professional services?