Which of the following liabilities would be considered nonrecourse?
A. A bank loan for which the taxpayer is personally liable.
B. Credit card debt.
C. A $20,000 real estate loan which allows the bank to take the real estate if the taxpayer stops making payments on the loan.
D. All of the above are nonrecourse liabilities.
Answer: C
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A firm's capital structure does not affect its free cash flows as discussed in the text, because FCF reflects only operating cash flows, which are available to service debt, to pay dividends to stockholders, and for other purposes.
Answer the following statement true (T) or false (F)
Which of the following is an example of paid media?
A. online customer reviews B. Facebook posts of a customer about a product C. message communication through billboards D. word-of-mouth praise about a company's product E. Twitter tweets of a customer about a brand
Describe the types of relationships in a supply chain and how they drive value for the focus firm in a supply chain.
What will be an ideal response?
The Capital Asset Pricing Model asserts that the expected return ________
A) is equal to the risk-free rate plus a risk premium for unsystematic risk B) is equal to the risk-free rate plus a risk premium for systematic risk C) is equal to the risk premium plus a risk-free rate for systematic risk D) is equal to the risk premium plus a risk-free rate for unsystematic risk