Suppose a company issued 30-year bonds 4 years ago, when the yield curve was inverted. Since then long-term rates (10 years or longer) have remained constant, but the yield curve has resumed its normal upward slope. Under such conditions, a bond refunding would almost certainly be profitable.
Answer the following statement true (T) or false (F)
False
Rationale: False. Since long-term rates have not fallen, the yield on new bonds would be the same as the coupon rate on the old bonds, hence there would be no interest savings to offset the call premium and the new flotation costs.
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In the United States, there is a cultural belief that what is true and good can be discovered and applied universally. The United States would likely score high on ______ in Trompenaars' dimensions of value orientations.
A. activation B. diffusion C. particularism D. universalism
Which of the following factors encourage the use of decentralized decision making in subsidiary operations?
A. Low level of product diversification B. Homogeneous product lines C. High degree of technology D. Weak volume-to-unit cost relationship
One of Val's biggest challenges as the leader of a sales team is getting team members to fill out and file their paperwork properly at the end of the day. He has tried in a number of ways to get them to comply, but nothing seems to work. He does know that no one likes to lead the daily sales meeting, which is a task that revolves among the team members on a regular basis, and that gives him an idea. The best way to achieve the result he desires is to announce that employees who
A. comply with guidelines for filing their paperwork every day for a month will be exempted from leading the sales meeting at some point in the near future. B. turn in their paperwork as directed every day for a two-week period will be exempted from leading the sales meeting for the next two months. C. fail to file their paperwork correctly and on time five days in a row will be required to lead the sales meeting two times in a row. D. file their paperwork correctly and on time five days in a row will be exempted from leading the sales meeting the next time their turn comes around. E. are last to file their paperwork each day will be required to lead the sales meeting the following day, and if their paperwork is filled out incorrectly, they will have to lead the meeting the day after that, as well.
Which of the following is NOT a benefit of conducting research on the Internet?
A. Opportunity to use multimedia to present video and audio B. Higher response rate C. Ability to target hard to reach populations D. Control of data quality E. All of the above are benefits of conducting research on the Internet.