An operation may receive a return value from the object from which it receives the message
Indicate whether the statement is true or false
FALSE
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Which of the following statements is not true?
a. The accounting system does not measure all aspects of operating a business; b. Financial statement analysis has limitations; c. Generally accepted accounting principles allow different methods of accounting for similar events; d. For security reasons, companies do not have to disclose any of the accounting methods they use; e. In ratio calculations, the numerator or the denominator used can cause a ratio to provide a distorted message.
Dynamic capabilities are:
a. The routines of a firm that create competitive advantage b. The processes of a firm that are able to reconfigure resources to respond to changes in the marketplace c. The unique resources of a firm that achieve sustainable competitive advantage d. The dynamic ways that firms use to achieve temporary advantages until competitors imitate them
Expected monetary value is most appropriate for problem solving that takes place:
A) when conditions are average. B) when all states of nature are equally likely. C) when all alternatives are equally likely. D) under conditions of uncertainty. E) under conditions of risk.
Which of the following statements is CORRECT?
A. The cost of capital used to evaluate a project should be the cost of the specific type of financing used to fund that project, i.e., it is the after-tax cost of debt if debt is to be used to finance the project or the cost of equity if the project will be financed with equity. B. The after-tax cost of debt that should be used as the component cost when calculating the WACC is the average after-tax cost of all the firm's outstanding debt. C. Suppose some of a publicly-traded firm's stockholders are not diversified; they hold only the one firm's stock. In this case, the CAPM approach will result in an estimated cost of equity that is too low in the sense that if it is used in capital budgeting, projects will be accepted that will reduce the firm's intrinsic value. D. The cost of equity is generally harder to measure than the cost of debt because there is no stated, contractual cost number on which to base the cost of equity. E. The bond-yield-plus-risk-premium approach is the most sophisticated and objective method for estimating a firm's cost of equity capital.