Banking and the collection process of checks is governed solely by state law
Indicate whether the statement is true or false
False
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The philanthropic perspective of the economic model holds that business has no strict obligation to contribute to social causes.
Answer the following statement true (T) or false (F)
A company's strategic options for remedying cost disadvantages in internally performed value chain activities do not include
A. switching to activity-based costing. B. revamping its value chain to eliminate or bypass some cost-producing activities (particularly low value-added activities). C. investing in productivity-enhancing, cost-saving technological improvements. D. outsourcing the performance of high-cost activities to vendors that can perform them more cheaply. E. implementing the use of best practices, particularly for high-cost activities.
Operating profits or EBIT is used to measure a firm's profits on assets because it does not include
the firm's cost of debt financing. Indicate whether the statement is true or false
Asset Y has a beta of 1.2. The risk-free rate of return is 6 percent, while the return on the market portfolio of assets is 12 percent. The asset's market risk premium is ________
A) 7.2 percent B) 6.0 percent C) 13.2 percent D) 10 percent