Answer the following statements true (T) or false (F)
Actuaries are often consulted to determine annual contribution levels for a defined contribution plan.
ANSWER: F
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If a business firm takes out a loan from a bank, but does not use the funds as the bank intended, the problem is
A. moral hazard. B. adverse selection. C. intermediation. D. securitization.
In ________ approaches to collecting perception data, the respondents are asked to use their own criteria to judge how similar or dissimilar the various brands or stimuli are
A) direct B) preference C) derived D) Likert
The minutes of a meeting should emphasize what was accomplished, not what participants said
Indicate whether the statement is true or false
Allison Engines Corporation has established a target capital structure of 40 percent debt and 60 percent common equity. The firm expects to earn $150,000 in after-tax income during the coming year, and it will retain 40 percent of those earnings. What is the break point of retained earnings??
A. $125,000? B. ?$100,000 C. ?$150,000 D. ?$110,000 E. ?$135,000