According to Mintzberg, in a ______, an organization has little or no technostructure, few support staff, loose division of labor, minimal differentiation between units, and informal.
A. cultural apex
B. simple structure
C. middle line
D. technostructure
B. simple structure
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Perry Inc.'s bonds currently sell for $1,150. They have a 6-year maturity, an annual coupon of $85, and a par value of $1,000. What is their current yield?
A. 7.39% B. 7.76% C. 8.15% D. 8.56% E. 8.98%
Studies conducted by the World Bank indicate that tropical climates allow for:
A. unparalleled trade. B. the lack of need to provide heat and shelter that is present in northern climates. C. the unimpeded reproduction and growth of weeds, viruses, birds, insects, and parasites. D. cultivation of citrus and four crops per year.
The mean of the probability distribution is also called the:
a. median b. standard deviation c. variance d. expected value e. normalized point
Patrick Company expects to generate free cash flow of $120,000 per year forever. If the firm's required return is 12 percent, the market value of debt is $300,000, the market value of preferred stock is $70,000, and the company has 100,000 shares of stock outstanding. What is the value of Patrick's stock?
A) $6.30 B) $10.00 C) $7.00 D) $9.70