________ are mergers between firms in totally unrelated businesses.
A. Market extension mergers
B. Conglomerate mergers
C. Horizontal mergers
D. Forward vertical mergers
Answer: B
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Leverage occurs when a company's
A) interest payment exceed its rate of return. B) rate of return equals its interest payments. C) rate of return exceeds its interest payments. D) interest payments are made on time.
For companies with a complex capital structure, a convertible security is potentially dilutive if its incremental EPS is
a. greater than basic EPS after considering any stock options, rights, and warrants. b. less than basic EPS after considering any stock options, rights, and warrants. c. equal to basic EPS after considering any stock options, rights, and warrants. d. less than 1.00 after considering any stock options, rights, and warrants.
Low expectations of future performance result in a low price-earnings (PE) ratio.
Answer the following statement true (T) or false (F)
Which of the following statements best describes specific performance?
A) compelling a party to perform in such a way as to meet the terms of the contract B) correcting the terms in an agreement so that they reflect the true understanding of the parties C) replacing one party of a contract with another party D) canceling a contract