A forecast of bond returns based largely on a prediction of the yield curve at the end of the investment horizon is called a _________.
A. contingent immunization
B. dedication strategy
C. duration analysis
D. horizon analysis
D. horizon analysis
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Under the geographical and product division structures, for the company with French origins, France is:
A) the headquarter country market. B) simply another geographic market. C) a special unit of the European market. D) a divisional market in Europe. E) a product market in European Union.
A survey of CEOs of the 162 largest firms on Fortune's list of the 500 largest American corporations found that the CEOs strongly believed that
A. international business skills and knowledge were important for promotion to senior executive positions but not for appointment to entry-level positions. B. all business students should major in international business. C. foreign language proficiency should be required of all business students. D. the importance of international business skills and knowledge for promotion to senior executive positions was higher for companies anticipating an increased level of importance of international activities in the next five years. E. an international orientation should be an important part of college business education, but only for those students planning to work internationally.
When evaluations from team members are used only for feedback and development purposes, they tend to be:
a. inflated. b. inaccurate. c. more biased. d. honest.
HD Corp and LD Corp have identical assets, sales, interest rates paid on their debt, tax rates, and EBIT. Both firms finance using only debt and common equity, and total assets equal total invested capital. However, HD uses more debt than LD. Which of the following statements is CORRECT?
A. Without more information, we cannot tell if HD or LD would have a higher or lower net income. B. HD would have the lower equity multiplier for use in the DuPont equation. C. HD would have to pay more in income taxes. D. HD would have the lower net income as shown on the income statement. E. HD would have the higher operating margin.