Why has there likely been so little evidence of a correlation between the presence of a code of ethics and better ethical performance?
a. too many remaining opportunities for unethical behavior
b. a culture of corruption in U.S. business
c. too much legal language in codes
d. failure to communicate the code to employees
d. failure to communicate the code to employees
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A firm can produce at a lower cost than its competitors by ______.
a. achieving economies of scale b. increasing the cost of raw materials and labor c. using cheap raw materials and inputs d. cutting corners in production
A class action suit is brought by a member of a group of persons on behalf of all members of the group
Indicate whether the statement is true or false
Maxwell Feed & Seed is considering a project that has the following cash flow data. What is the project's IRR? Note that a project's projected IRR can be less than the WACC (and even negative), in which case it will be rejected. Year 0 1 2 3 4 5 Cash flows -$6,750 $2,000 $2,025 $2,050 $2,075 $2,100
A. 15.45% B. 17.17% C. 13.74% D. 15.61% E. 12.96%
A probability distribution is bounded if there are values A and B such that:
a. A and B represent the 95% confidence interval b. A and B are the mean and standard deviation, respectively c. A and B are the mean and variance, respectively d. no value can be less than A or greater than B