______ is the process of assigning responsibility and authority for accomplishing objectives.
a. Commanding
b. Managing
c. Delegating
d. Directing
c. Delegating
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Examples of manufacturer promotions include price cuts and feature advertising
Indicate whether the statement is true or false
_______________ occurs when private individuals give illegal financial incentives to nonelected public officials in exchange for favorable dealings with certain government transactions.
a. Collusive peddling b. Petty corruption c. Grand corruption d. Influence peddling
Your friend tells you that the Prudent Mutual Fund gives you more downside protection than buying an exchange traded fund (ETF) that mimics the market portfolio. What is he telling you about the fund's Beta?
A) ? < 1 B) ? > 1 C) ? = 1 D) ? = 0
Ferris Manufacturing is all equity financed. Current financial data for Ferris is provided in the table below for three states of nature, which correspond with three levels of sales
The CFO of Ferris, Cameron Fry, is considering a change in capital structure. In particular, he is thinking about borrowing $5,000. He will borrow the money by issuing perpetual bonds with a face value of $5,000 and a coupon rate of 5%. The borrowed money will be used to repurchase shares at $28.57 per share. Repurchased shares will be cancelled. Taxes are 0%. What are Earnings per Share (EPS) in each state of nature if Ferris borrows the money? Ferris Manufacturing Bad Normal Good EBIT $500 $1,000 $1,500 Interest 0 0 0 Pre-Tax Income 500 1,000 1,500 Taxes (0%) 0 0 0 Net Income 500 1,000 1,500 # Shares 500 500 500 EPS $1.00 $2.00 $3.00 A) Bad: $1.00; Normal: $2.00; Good: $3.00 B) Bad: $0.77; Normal: $2.31; Good: $3.85 C) Bad: $0.50; Normal: $1.50; Good: $2.50 D) Bad: $1.54; Normal: $3.08; Good: $4.62 E) Bad: $1.25; Normal: $2.25; Good: $4.15