Which of the following would be classified as a natural resource?
A. Timber purchased by a lumber yard.
B. Diamond mine.
C. Goodwill.
D. Patent on an oil extraction process.
E. Land held as an investment.
Answer: B
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Two operationally similar companies, HD and LD, have identical amounts of assets, operating income (EBIT), tax rates, and business risk. Company HD, however, has a much higher debt ratio than LD. Company HD's return on invested capital (ROIC) exceeds its after-tax cost of debt, (1-T) rd. Which of the following statements is CORRECT?
A. Company HD has a higher times interest earned (TIE) ratio than Company LD. B. Company HD has a higher return on equity (ROE) than Company LD, and its risk, as measured by the standard deviation of ROE, is also higher than LD's. C. The two companies have the same ROE. D. Company HD's ROE would be higher if it had no debt. E. Company HD has a higher return on assets (ROA) than Company LD.
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a. True b. False Indicate whether the statement is true or false
A manufacturer uses statistical process control to control the quality of the firm's products. Samples of 50 of Product A are taken, and a defective/acceptable decision is made on each unit sampled
For Product B, the number of flaws per unit is counted. What type(s) of control charts should be used? A) p-charts for both A and B B) p-chart for A, c-chart for B C) c-charts for both A and B D) p-chart for A, mean and range charts for B E) c-chart for A, mean and range charts for B