Which of the following is the best characterization of sociocultural forces?
A. a society's culture, norms, and values
B. a competitor's culture, norms, and values
C. a focus group's culture, norms, and values
D. a firm's culture, norms, and values
Answer: A
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Blair Madison Co. issues $2.8 million of new stock and pays $560,000 in cash dividends during the year. In addition, the company took advantage of falling interest rates to borrow $4.2 million in a new bond issue and paid off existing bonds with a face value of $5.6 million. The company bought 1,400 of another company's $1,000 bonds at a $280,000 premium. The net cash flow provided by financing activities is:
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