The main provision of the Restatement (Third) of Torts, Section 2, recognizes three types of product defects: manufacturing defects, design defects, and failure to warn, but it imposes strict liability only for manufacturing defects
a. True
b. False
Indicate whether the statement is true or false
True
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A person with integrity is honest without compromise or corruption.
Answer the following statement true (T) or false (F)
The buzz generated by television commercials aired during the Super Bowl shows how the lines between advertising and MPR can become blurred
Indicate whether the statement is true or false
The president and CFO of Spellman Transportation are having a disagreement about whether to use market value or book value weights in calculating the WACC. Spellman's balance sheet shows a total of noncallable $45 million long-term debt with a coupon rate of 7.00% and a yield to maturity of 6.00%. This debt currently has a market value of $50 million. The company has 10 million shares of common stock, and the book value of the common equity (common stock plus retained earnings) is $65 million. The current stock price is $22.50 per share; stockholders' required return, rs, is 14.00%; and the firm's tax rate is 25%. The CFO thinks the WACC should be based on market value weights, but the president thinks book weights are more appropriate. What is the difference between these two WACCs?
A. 1.42% B. 1.57% C. 1.75% D. 1.94% E. 2.16%
Shira works for a cosmetics company. She manages her store in New York City. She enjoys her job because although she is in charge of her store, she has backup from corporate offices in Los Angeles. Their support is helpful because she does not need to worry about advertising or big picture items. She can focus on running the day-to-day activities of her own store. Shira’s level of interdependence with her corporate office is considered
a. Reciprocal interdependence b. Sequential interdependence c. Affiliated interdependence d. Pooled interdependence