A litmus test for profitability is ________.
A. the business plan
B. the economics of one unit (EOU)
C. the business model
D. net profit
Answer: B
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Which of the following explains why you are preparing the report and what you plan to cover in the body of the report?
A) Opening statement B) Statement of purpose C) Infinitive phrase D) Work plan E) Executive dashboard
When Modigliani and Miller revised their original model to include taxes, they concluded that
A) firms should reduce their degree of financial leverage. B) tax avoidance does not alter a firm's value. C) tax increases lower a firm's value. D) firms should use only debt in their capital structure. E) taxes also have no bearing on the capital structure decision.
Which of the following is not a negotiable instrument?
A) A check B) A draft C) A certificate of deposit D) A stock certificate
Regulation FD requires simultaneous disclosure of critical information simultaneously to investment professionals and the general public with the exception of
A) brokerage firms. B) hedge funds. C) securities rating service such as Moody's Investor Services and Standard & Poor's. D) mutual fund managers.