Miller and Modigliani also studied dividend policy and determined that in their world of perfect capital markets (no taxes, no bankruptcy costs, no asymmetric information) that dividend policy DOES matter
Indicate whether the statement is true or false
FALSE
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The fee for factoring without recourse is normally higher than it would be with recourse
Indicate whether the statement is true or false
While lean systems work very well for manufacturing systems, they cannot be applied to service systems
Indicate whether the statement is true or false
Lance Armstrong says that he looked up the meaning of the word "cheat" in the dictionary when he was using performance-enhancing drugs (PEDs). The dictionary defined cheating as "using an unfair advantage in a competition." Mr. Armstrong believed that PEDs were used by his competitors and felt it was ethical to continue using them. Which rationalization did Mr. Armstrong use?
a. It's a gray area. b. It could be worse. c. Everyone does it. d. I deserve this.
Suppose the investment rate of return were 18%. At this rate, when would Arnold reach the $1,000,000 mark?
A) at age 42 B) at age 54 C) at age 62 D) at age 68