Information that is useful in a given situation is described as
A. incidental.
B. solicited.
C. timely.
D. relevant.
E. trivial.
Answer: D
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Answer the following statements true (T) or false (F)
1. When the internal rate of return is the same as the required rate of return, the net present value of an investment will be positive. 2. The internal rate of return (IRR) is the rate of return, based on discounted cash flows, of a capital investment. 3. If an investment's internal rate of return is higher than the required rate of return, the company should reject the investment. 4. The discounted cash flow methods of evaluating capital investments are superior because they consider both the time value of money and the profitability of the investment. 5. When evaluating a potential investment, managers should use only one measure for making a sound investment decision. 6. Many service, merchandising, and manufacturing firms use discounted cash flow methods to make capital investment decisions.
Most publicly traded firms operate as corporations. Which of the following is/are not true?
a. The corporate form facilitates the transfer of ownership interests because owners can sell their shares without affecting the ongoing operations of the firm. b. The transfer of ownership interests is a transaction between the shareholder and the firm whose shares change hands. c. Investors make capital contributions under a contract between themselves and the corporation. d. The corporation has legal status separate from its owners. e. none of the above
Indirect costs are costs that are not easily and accurately traced to a cost object
Indicate whether the statement is true or false
The Fifth Amendment protects individuals against self-incrimination
a. True b. False Indicate whether the statement is true or false