The United States is considered a relatively fast-paced, goal-oriented culture. Which of the following perspectives about the concept of time would be unfamiliar or unacceptable to an American?
A) multidimensional
B) precise
C) schedule-driven
D) limited
E) segmented
Answer: A
Explanation: A) Other cultures can take a much more broad and flexible perspective on time, which is reflected in business practices such as meetings and appointments.
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A. Vertical B. Spatial C. Cultural D. Horizontal
Best Bagels, Inc. (BB)
currently has zero debt. Its earnings before interest and taxes (EBIT) are $130,000, and it is a zero growth company. BB’s current cost of equity is 13%, and its tax rate is 25%. The firm has 30,000 shares of common stock outstanding selling at a price per share of $25. Refer to the data for . BB is considering moving to a capital structure that is comprised of 20% debt and 80% equity, based on market values. The debt would have an interest rate of 8.2%. The new funds would be used to repurchase stock. It is estimated that the increase in risk resulting from the additional leverage would cause the required rate of return on equity to rise to 13.9%. If this plan were carried out, what would BB's new value of operations be? A. $789,474 B. $821,053 C. $853,895 D. $888,051 E. $923,573
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Indicate whether the statement is true or false