Equity contracts account for a small fraction of external funds raised by American businesses because
A) costly state verification makes the equity contract less desirable than the debt contract.
B) there is greater scope for moral hazard problems under equity contracts, as compared to debt contracts.
C) equity contracts do not permit borrowing firms to raise additional funds by issuing debt.
D) all of the above.
E) both A and B of the above.
E
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Generally, because of their ______ birth rates, developing countries have younger populations than do industrial countries.
Fill in the blank(s) with the appropriate word(s).
In a hospital, nurses are paid less than janitors. The nurses need more education to become
nurses than the janitors need to become janitors. The janitors must lift heavier objects than the nurses, but the nurses have more responsibility than the janitors. This discrimination in the amount paid to nurses and janitors is: A) Legal, because the janitors need to lift heavier items. B) Illegal, because the nurses need more education. C) Legal, because the jobs are not similar. D) Illegal, because the nurses have more responsibility. E) Legal, because the nurses have better working conditions than the janitors.
Use the information in Table 10.1. What would be the total plan cost if no more than five units each could be made each month by part-time, overtime, and subcontracted workers?
A) $4,920 B) $4,822 C) $4,775 D) $4,550
Please identify the letter of the choice that best matches the situation described below.
A. Promote a close or friendly working relationship B. Congratulate a colleague C. Minimize misunderstandings when providing information D. Deliver a formal message E. Avoid interrupting your colleague