The general rule for respecifying categorical variables with K categories is that K dummy variables are needed
Indicate whether the statement is true or false
FALSE
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Financial institutions that operate for profit and handle a wide variety of financial services, and are sometimes referred to as full-service banks are:
a. savings and loan associations b. commercial banks c. mutual savings banks d. pension funds e. large brokerage houses
Corporations are permitted to become general partners to a limited partnership
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An industry's key success factors can always be deduced by asking what factors
A. depend on the relative competitive strengths of the industry leaders and how vulnerable they are to competitive attack. B. are a function of market share, entry barriers, and economies of scale, degree of vertical integration, and industry profitability that are advantageous. C. such as product attributes and service characteristics are crucial, and what resources and competitive capabilities are needed, and what shortcomings are evident to put a company at a competitive disadvantage. D. can be determined from studying the winning strategies of the industry leaders and ruling out as potential key success factors the strategy elements of those firms considered to have losing strategies. E. vary according to whether an industry has high or low long-term attractiveness.
The face value of a bond is also its market value
Indicate whether the statement is true or false.