Law(s) is (are):
a. an attempt to settle disputes in a peaceful manner b. forces that constrains people within a society
c. social rules that govern our behavior
d. written statutes passed by legislatures e. all of the other choices are correct
e
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According to the IRS's LIFO conformity rule, a company that chooses LIFO to report net income to its shareholders may not use LIFO in preparing its income tax return
a. True b. False Indicate whether the statement is true or false
Words or phrases that are so common they have lost their power to communicate are called what?
A) Abstract words B) Concrete words C) Clichés D) Buzzwords E) Jargon
People who engage in similar work, interests or share enthusiasm for an activity are referred to as what?
A) Brand socializers B) Target market C) Communities of practice D) Business partners E) Networked organizations
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.