Chance events play a role in shaping the competitive environment. Chance events are occurrences which include all of the following except:

A) major technological breakthroughs.
B) wars and their aftermath.
C) oil crisis.
D) currency fluctuations.
E) annual business meeting.


E

Business

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Commerce & Business Insurance, Inc, has a valid reason to cancel a policy issued to DIY Auto & Truck Parts Company. In most states, Commerce & Business could cancel the policy

a. on advance oral or written notice. b. on oral or written notice but only after arbitration. c. without notice. d. on advance written—not oral—notice.

Business

A share of preferred stock that pays the same annual dividend forever is an example of a

perpetuity. Indicate whether the statement is true or false

Business

An increase in the beta of a corporation, all else being the same, indicates ________

A) a decrease in risk, a higher required rate of return, and hence a lower share price B) an increase in risk, a higher required rate of return, and hence a lower share price C) a decrease in risk, a lower required rate of return, and hence a higher share price D) an increase in risk, a lower required rate of return, and hence a higher share price

Business

Accumulated Depreciation, Equipment, is shown as:

A. an addition to assets on the Balance Sheet. B. an addition to expenses on the Income Statement. C. a deduction of Capital on the Statement of Owner's Equity. D. a deduction from assets on the Balance Sheet.

Business