Rules of court are generally substantive laws
a. True
b. False
b
You might also like to view...
The new NAICS covers more industries than the SIC.
Answer the following statement true (T) or false (F)
A manager can improve the economic value of an investment center by increasing sales
Indicate whether the statement is true or false
In return for promising to make future payments, a firm receives cash or other assets with a measurable cash-equivalent value. The firm records a long-term liability for that amount and the book value of that borrowing at any time equals the
a. future value of all the then-remaining promised payments using the historical market interest rate applicable at the time the firm originally incurred the liability. b. current value of all the then-remaining promised payments using the historical market interest rate applicable at the time the firm originally incurred the liability. c. present value of all the then-remaining promised payments using the market interest rate applicable at the current time. d. present value of all the then-remaining promised payments using the historical market interest rate applicable at the time the firm originally incurred the liability. e. future value of all the then-remaining promised payments using the using the market interest rate applicable at the current time.
The primary operating goal of a publicly-owned firm interested in serving its stockholders should be to
A. Maximize the stock price per share over the long run, which is the stock's intrinsic value. B. Maximize the firm's expected EPS. C. Minimize the chances of losses. D. Maximize the firm's expected total income. E. Maximize the stock price on a specific target date.