According to the Pecking Order Hypothesis, less profitable companies in an asymmetric world will need more ________; they will first seek ________ and will avoid ________
A) external funding; equity funding; debt market
B) internal funding; the use of retained earnings; debt market
C) external funding; debt financing; equity market
D) internal funding; the use of retained earnings; equity market
Answer: C
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When a firm responds to uncertainty in its environment as a(n) ________, its continual pursuit of product and market innovation may lead to a loss of efficiency, but is likely to make competitors nervous.
A. reactor B. analyzer C. defender D. prospector E. executor
When Walt Disney Company's executives were planning to build a theme park in France, they firmly believed that the success of McDonald's and Coke as well as their own success in Tokyo ensured the runaway success of their plans
Disney policies prohibit sale or consumption of alcohol inside their theme parks which they also implemented in France. This proved to be a failure since consuming wine with the midday meal is a long-established custom in France. This is most likely a classical example of: A) the "think global, act local" principle. B) being victim to the self-reference criterion. C) a geocentric management orientation. D) miscalculation of the rate of diffusion of innovations in Europe. E) an unbiased perception of existing culture in Europe.
Liabilities and stockholders' equity are ____________________ by debits
Fill in the blank(s) with correct word
Before you write a message, your first step should be to A) conduct research
B) prepare an outline of your ideas. C) analyze the audience and anticipate its reaction to the message. D) select an appropriate organizational pattern.