In their first venture into the optimal capital structure question, Nobel laureates Franco Modigliani and Merton Miller began with a very simple model and a hypothetical world of ________
A) bankruptcy costs but no taxes
B) taxes but no bankruptcy
C) no taxes and no bankruptcy
D) both taxes and bankruptcy
Answer: C
You might also like to view...
Which of the following is a suggested way to keep track of notes for a speech?
a. In a notebook b. On your phone c. On scratch paper d. It is not advisable to keep track of notes for a speech.
Which of the following marketing orientations was prevalent during the years of the Great Depression?
A) product B) social responsibility C) consumer D) sales E) relationship
Which of the following is true regarding activity-based costing (ABC)?
A) The benefits of using ABC always outweigh its limitations. B) The lower the proportion of overhead costs as compared to direct materials and direct labor costs, the more likely a company will benefit by using ABC. C) Companies with a high-proportion of non-unit-level costs should rarely use ABC. D) High measurement costs associated with ABC may deter some companies from its use.
Dan had been nominated for a seminar on how to be a better manager. The night before the seminar, he had to stay up all night because his daughter was unwell. During the seminar, he was unable to listen attentively to the speaker due to concerns about his daughter's health. In this scenario, Dan's listening was affected by:
A. internal noise. B. external noise. C. red noise. D. flicker noise.