Garrison is the chief financial officer (CFO) of the Colorado Drone manufacturing company and is also on the company's board of directors. Garrison is considered ________ of the company
A) a bondholder
B) an inside director
C) a financier
D) an outside director
Answer: B
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Suppose the market for bottled water is served by two oligopolists. If they reach an agreement to restrict production and charge a price above marginal cost, then:
A. neither firm will have an incentive to cheat on the agreement since it benefits them both. B. their agreement is likely to eventually collapse. C. they will charge a higher price than a monopolist would have charged. D. they will earn a larger profit than a monopolist would have earned.
Some automobile owners will drive faster knowing that they are covered by health and automobile insurance. This behavior creates the problem of
A) fraudulent claims. B) moral hazard. C) adverse selection. D) pecuniary purchases.
Other things constant, the quantity of money demanded varies: a. directly with the market interest rate
b. inversely with the market interest rate. c. inversely with the price level. d. directly with the price level. e. inversely with the unemployment rate.
Consider a country that initially does not interfere with imports of a given good. If the government then imposes a tariff on that good, the supply curve
a. shifts downward. b. remains unchanged. c. slopes upward less steeply. d. shifts upward.