American depositary shares (ADS) are
A) shares of foreign companies traded on the U.S. markets.
B) shares of American companies traded on foreign markets.
C) foreign currency deposits in American banks.
D) American currency deposits in foreign banks.
Answer: A
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According to the basic capital structure theory proposed by Modigliani and Miller (MM), when will a firm's value be maximum?
A. When it is financed entirely with equity. B. When its capital structure contains 50 percent debt and 50 percent equity. C. When it is financed entirely with retained earnings. D. When it is financed with almost 100 percent through debt. E. When its assets are financed with 50 percent equity and 50 percent retained earnings.
Tom's Timber Outlet and Olivia, a consumer, enter into a contract for a sale of plywood. If the contract includes a clause that is perceived as grossly unfair to Olivia, its enforcement may be challenged under
A. the mirror image rule. B. the principle of fair trade. C. the predominant-factor test. D. the doctrine of unconscionability.
E-commerce reduces the flow of price data
Indicate whether the statement is true or false
A(n) ________ is something that is essential for the minor's continued existence and general welfare that has not been provided by the minor's parents or guardian.
A. estoppel B. disaffirmance C. capacity D. necessary