Private equity funds differ from traditional venture capital funds. List and discuss three differences between them
What will be an ideal response?
Answer: Private equity funds differ from traditional venture capital funds. VC funds usually 1) operate mainly in highly developed countries, 2) invest in start-up firms with the goal of exiting the investment with an IPO placed in those same highly liquid markets, 3) very little VC is available in emerging markets, partly because it would be difficult to exit with an IPO in an illiquid market. The same exiting problem faces the private equity funds, but they appear to have a longer time horizon, 4) VC appear to have a shorter time horizon, 5) Private equity funds invest in already mature and profitable companies, 6) Private equity funds are content with growing companies through better management and mergers with other firms.
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Which of the following is a step in the control process?
A. complete a job redesign B. evaluate opportunities C. compare work units to one another D. implement TQM E. establish standards
Under the Uniform Electronic Transactions Act (UETA), ________.
A. barriers to e-commerce are removed by giving effect to electronic records and signatures B. there are specific rules governing when consent has been given electronically C. consent and withdrawal are identical to that of the E-Sign Act D. a PIN number used to access an ATM is not considered as a digital signature
Jupiter, Inc. signed a one-year $44,000 note payable at 8% interest on May 1, 2016. If Jupiter, Inc. only adjusts its accounts once a year at year-end, how much interest expense was accrued on December 31, 2016?
A) $1,173 B) $3,520 C) $2,347 D) $2,933
How are outsourcing and vertical integration related? Can a single firm successfully do both?
What will be an ideal response?