Which of the following refers to the agent's duty to act in the best interest of the principal?
A. Obedience
B. Loyalty
C. Accounting
D. Specific performance
E. Notification
Answer: B
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Which of the following is the best example of a durable good?
A) a bag of cat food B) a refrigerator C) a bottle of nail polish D) a package of lightbulbs E) detergent
What was the « command and control » issue at Vodaphone?
a. value system b. IT system c. coaching program d. culture of blame
Jones & Hilton Co owned a large cold storage warehouse where they stored and processed meat and meat products
An insider revealed to the media that the cold storage failed to meet numerous safety standards, encountered repeated rodent attacks, and sold potentially harmful and infected meat in the market without notifying authorities. The ________ has the authority to conduct inspections of the cold storage warehouse and initiate legal proceedings against the owners for endangering the health of consumers. A) Food and Drug Administration B) Consumer Product Safety Commission C) Federal Healthcare Commission D) U.S. Department of Agriculture
Last year Swensen Corp. had sales of $303,225, operating costs of $267,500, and year-end assets of $195,000. The debt-to-total-assets ratio was 27%, the interest rate on the debt was 8.2%, and the firm's tax rate was 25%. The new CFO wants to see how the ROE would have been affected if the firm had used a 45% debt ratio. Assume that sales and total assets would not be affected, and that the interest rate and tax rate would both remain constant. By how much would the ROE change in response to the change in the capital structure?
A. 2.48% B. 2.76% C. 3.06% D. 3.40% E. 3.74%