The key goal of job control unionism is to:
A. Replace management decision-making with worker control
B. Increase the union's role in subjective decision-making
C. Remove management subjectivity from decision-making
D. Replace detailed work rules with more flexible decision making processes
C. Remove management subjectivity from decision-making
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Brand equity is a set of characteristics that are unique to a brand that make it seem different and better
Indicate whether the statement is true or false
When the absolute value of price elasticity of demand is ________, the category is price elastic
A) less than 1 B) equal to 0 C) greater than 1 D) equal to 1
Readable Materials Inc., a manufacturer of coated freshet and coated ground-wood paper used in catalogs, magazines, and commercial printing applications, has three bond issues outstanding. The following table describes these issues:
In addition, the firm’s 100,000 preferred shares of stock pay $0.75 per share quarterly and currently have a market price of $30 per share and a book value of $20 per share. The flotation costs for debt, preferred, and common equity are 3%, 5%, and 7%, respectively. The current price per share of the firm’s 200,000 shares of common stock is $50, but they have book value of $30 per share. The firm expects an average common dividend growth rate of 3% indefinitely and a dividend yield of 12% for the next year. The firm’s beta coefficient is 1.5 and its marginal tax rate is 40%. If the current risk free rate and market risk premium are 3% and 7% respectively, answer the following:
a) What are the book and market value weights for each source of capital?
b) What are the component costs of capital (i.e., debt, preferred equity, retained earnings, and new common equity)? Use the weighted average of the bond market values to determine the cost of debt and the arithmetic average of the dividend discount model and CAPM model for the cost of retained earnings.
c) What is the weighted average cost of capital using both the market and book value weights?
Which of the following statements is true of the requirements for making a will?
A) A will need not be signed by the testator if it is created in the presence of witnesses. B) A will need not be written to be considered valid only if it is a dying declaration. C) A will cannot incorporate any other documents by reference. D) The legal age for executing a will is set at 25 years across all states.