If a firm has an equity multiplier of 3, this means that the firm has $3 in equity for every $1 in long-term debt
Indicate whether the statement is true or false.
Answer: FALSE
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A guaranty contract between people with no bad credit history can be oral
Indicate whether the statement is true or false
Consistency is one of the two important principles of ________ upon which its universal laws are based
A) utilitarianism B) Kantian ethics C) Rawls's social justice theory D) moral relativism
Which of the following describes the relief of "restitution in kind" awarded to a plaintiff?
A. an item taken from the plaintiff is to be returned by the defendant B. the honor of the plaintiff is to be restored by the defendant C. money is to be paid by the defendant for the cost of the injury suffered by the plaintiff D. the defendant has to pay a fine to the plaintiff and the amount of the fine is decided by the court which is generally beyond the cost of injury
The U.S. Department of Justice frequently issues guidelines for different types of mergers.
Answer the following statement true (T) or false (F)