A wage plan based solely on an employee's quantity of production is known as a(n):

a. Modified wage plan.
b. Hourly-rate plan.
c. Incentive wage plan.
d. Piece-rate plan.


d

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Modigliani and Miller (M&M) Proposition II states:

A) the cost of equity does not change when a firm takes on a greater proportion of debt.
B) the cost of equity increases when a firm takes on a greater proportion of debt.
C) the cost of debt increases when a firm takes on a greater proportion of equity.
D) the cost of equity decreases when a firm takes on a greater proportion of debt.

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Which of the following statements is TRUE?

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What is the likelihood that the commute will take 30 minutes or longer?

Horatio Oscar Vineeth Lane (HOV Lane for short) records his commute times for a period of one month and assigned them to five different categories as shown in the table. Commute Length Number of Observations commute time <10 minutes 1 10 ? commute time < 20 minutes 2 20 ? commute time < 30 minutes 4 30 ? commute time < 40 minutes 9 40 ? commute time < 50 minutes 4

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