Identify and explain the key differences between public issues of debt and direct private long-term debt financing.
What will be an ideal response?
The key differences are:
? Direct long-term loans avoid SEC registration
? Direct placements generally have more restrictive covenants
? Private placements are easier to renegotiate
? Private placements are generally funded by institutions such as life insurance companies, pension funds, and commercial banks while public issues are open to all investors
? Private placements are less expensive than public offerings
Difficulty: 2 Medium
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The HR department at ZET Resources is having a tough time documenting its hiring decisions. In addition, irregularities were uncovered when reviewing the offers made to job candidates during the previous year. As a solution to these issues, the human resource manager proposes that all activities related to employee selection be documented thoroughly with the help of computers. In this scenario, the manager proposes using
A. decision support systems. B. transformational processing. C. micro processing. D. expert systems. E. transaction processing.
JNC Company structured an income-generating transaction so that the income and cash flow shifted to Juno Inc. Presuming that JNC makes rational decisions, which of the following statements is false?
A. The income shift should increase the NPV of the transaction. B. JNC and Juno must be related parties that share a mutual economic interest. C. JNC's marginal tax rate is higher than Juno's marginal tax rate. D. None of the above is false.
They gave a video of the grand canyon, one of the most popular national parks to whomever visited the exhibit
What will be an ideal response?
________ is a new product development approach in which one company department works to complete its stage of the process before passing the new product along to the next department and stage
A) Team-based product development B) Simultaneous product development C) Sequential product development D) Horizontal integration E) Vertical integration