Answer the following statement(s) true (T) or false (F)
Because of globalization, firms must meet varying cultural standards of what is acceptable.
Ans: True
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Which of the following statements is true about a zero coupon bond?
A. A zero coupon bond is taxed as a capital gain at the time the bond matures. B. A zero coupon bond is issued at a substantial discount below its par value. C. A zero coupon bond is issued at a coupon rate that adjusts for inflation. D. The interest received every year on a zero coupon bond is taxed as interest income. E. The discount on the issue of a zero coupon bond is written off over its life in the investor's financial statement.
A very troublesome employee has just told you that he wants to apply for FMLA leave because his wife is seriously ill. He has taken leave before because of her illness, and depending upon how you calculate it, may have already taken the maximum amount for the year. You know that if you use a "rolling 12 month period," he will not qualify, and if he is denied leave, he may actually quit, which
would make many people happy. However, your firm's leave policy does not specify how leave taken will be calculated, which means that if he sued and the case went to litigation, the court would apply a "calendar year" calculation for the leave requested, since you've just begun a new calendar year, and under that calculation, he would be entitled to leave. Of the following choices, what should you do? a. deny the leave, and take your chances; tell him that he's already had the maximum leave under the "rolling 12 month" calculation. He's been far too troublesome for the firm, and his leaving would be a good outcome b. deny the leave, but tell him that it's because has not been a productive employee, and when he improves, you'll consider more leave c. grant the leave, and take your chances; maybe he'll straighten out when he comes back d. grant the leave, and ask how he's doing; tell him that when he comes back, you'd like to sit down with him and see if you can help him resolve the trouble he's been having at work
Greg Buntz is late for his class at Sac Town College in Natomas, California and carelessly runs a stop sign. As luck would have it, Sanjay Varshney is driving through the intersection. Sanjay is a visitor in Natomas from Nevada. Although Sanjay injures are minor, his Porsche suffers badly, with $70,000 total damages, and he is forced to rent a car for a week while it is repaired. Additional
expenses for car repair and medical bills bring his total damages to $79,000. a. Sanjay can sue Greg in an California court, because the accident occurred in California. b. Sanjay can sue Greg in a federal court, because of diversity of citizenship. c. Both of the above. d. None of the above
One method of accounting for systematic risk for a project involves identifying a publicly traded
firm that is engaged in the same business as that project and using its required rate of return to evaluate the project. This method is referred to as A) scenario analysis. B) sensitivity analysis. C) the pure play method. D) the accounting beta method.