A provision that often serves to force operators to run the business as directed by the franchisor is the:
a. exclusive handling provision
b. brand name provision
c. cancellation provision
d. financing provision
e. franchise agreement provision
c. cancellation provision
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Paying Payroll Service (PPS) recently declared bankruptcy. The price of PPS's stock has dropped from approximately $10 per share one year ago to $1 today. You can imagine that stockholders are not happy that the value of their stock has dropped so significantly. At the same time the financial position of the firm was deteriorating, PPS executives increased their salaries and perquisites substantially. Nothing they did violated any laws or was considered an unethical act. We would most likely describe this situation as _____.
A. an agency problem B. an accounting glitch C. an appropriate use of the tax laws D. an appropriate action, because executive compensation should always be increased substantially each year E. acceptable, because it is obvious that the executives were trying to maximize the value of the firm, which is what the shareholders want them to do
Bailey and Sons has a levered beta of 1.10, its capital structure consists of 40% debt and 60% equity, and its tax rate is 25%. What would Bailey's beta be if it used no debt, i.e., what is its unlevered beta?
A. 0.60 B. 0.63 C. 0.66 D. 0.70 E. 0.73
Tort law evolves through time by court decisions that reflect social values and community standards
a. True b. False Indicate whether the statement is true or false
A good data definition is always accompanied by diagrams, such as the entity-relationship diagram
Indicate whether the statement is true or false