Growth machine theory suggests that:
a. power is widely distributed in most communities.
b. local government officials are rarely influenced by economic interests.
c. local growth generally has negative effects on the quality of life of disadvantaged residents.
d. local growth generally benefits the unemployed more than the middle class.
c. local growth generally has negative effects on the quality of life of disadvantaged residents.
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When an investor uses the equity method to account for investments in common stock, cash dividends received by the investor from the investee should be recorded as
a. an increase in the investment account. b. a deduction from the investment account. c. dividend revenue. d. a deduction from the investor's share of the investee's profits.
A well-conceived strategic vision helps prepare a company for the future. True or false? Explain and justify your answer.
What will be an ideal response?
National Art is a new business
During its first year of operations, credit sales were $50,000 and collections were credit sales of $32,000. One account, $625 was written off. Management uses the percent-of-sales method to account for bad debts expense and estimates 2% of credit sales to be uncollectible. The ending balance of Allowance for Bad Debts account is ________. A) $375 B) $1,000 C) $348 D) $1,628
Which of the following statements is correct?
A. One nice feature of dividend reinvestment plans (DRIPs) is that they reduce the taxes investors would have to pay if they received cash dividends. B. Empirical research indicates that, in general, companies send a negative signal to the marketplace when they announce an increase in the dividend, and as a result share prices fall when dividend increases are announced. The reason is that investors interpret the increase as a signal that the firm has relatively few good investment opportunities. C. If a company wants to raise new equity capital rather steadily over time, a new stock dividend reinvestment plan would make sense. However, if the firm does not want or need new equity, then an open market purchase dividend reinvestment plan would probably make more sense. D. Dividend reinvestment plans have not caught on in most industries, and today about 99% of all companies with DRIPs are utilities. E. If a company offers a dividend reinvestment plan, almost all of its shareholders enroll in the plan.