Which of the following factors was most often cited by CFOs as an important influence on debt use?

A) Keeping the confidence of customers and suppliers
B) Minimizing bankruptcy costs
C) Maintaining financial flexibility
D) Benchmarking against similar firms


Answer: C

Business

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Which form does the balance sheet equation take in the United Kingdom?

a. Noncurrent Assets + Noncurrent Liabilities = Shareholders' Equity b. Revenues - Expenses = Shareholders' Equity c. Noncurrent Assets + [Current assets - Current Liabilities] - Noncurrent Liabilities = Shareholders' Equity d. Noncurrent Assets - Current assets = Noncurrent Liabilities - Current Liabilities + Shareholders' Equity

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A key part of projecting a professional image is using positive speech patterns including grammar and sentence structure

Indicate whether the statement is true or false.

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Managers who are responsible for developing an organization’s mission statement are:

a. middle managers b. first-line managers c. department managers d. executive managers e. democratic managers

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Performance of a single contract (e.g., the sale/purchase of a pizza in a fast food outlet) requires the prior performance of many other contracts by other persons

Indicate whether the statement is true or false

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