Any business transaction can be thought of as an exchange of "something" of value for money-where money is the price.
Answer the following statement true (T) or false (F)
True
Almost every business transaction in our modern economy involves an exchange of money-the Price-for something.
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Proper use of specialization gives each employee _____
a. a relatively homogeneous cluster of work tasks b. more discretion on the job c. greater job satisfaction d. greater job-related incentives
John is a holder in due course of a check. John goes to the drawee bank, Last Chance Bank, to cash the check. What is the liability of Last Chance?
a. Last Chance Bank is primarily liable on the check. b. Last Chance Bank is not primarily liable on the check until it accepts the check. c. Last Chance Bank is secondarily liable on the check. d. Last Chance Bank is not secondarily liable on the check until it accepts the check.
According to the capital structure theory proposed by the Modigliani and Miller (MM), a firm's optimal capital structure is the mix of debt and equity that minimizes its weighted average cost of capital (WACC), which occurs when the firm is financed almost entirely with debt. MM argued that their conclusion is valid primarily because, in the real world, ______.
A. there are no flotation costs associated with issuing debt B. investors pay less personal income taxes on the interest they earn on their investments in bonds than they pay on the dividends they receive from corporations C. firms that issue large amounts of debt have much less probability of going bankrupt than firms that have little or no debt in their capital structures. D. the amount of debt a firm uses to finance its assets does not affect its market value E. interest paid on corporate debt is a tax-deductible expense to the firm, whereas dividends paid to stockholders are not.
Under the Sherman Act competitors are permitted to agree not to deal with certain buyers
Indicate whether the statement is true or false