Removing trade barriers that protect an inefficient industry is likely to result in ________ in that industry.
Fill in the blank(s) with the appropriate word(s).
job losses
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Which of the following statements is CORRECT?
A. If a company has a WACC = 12% and its free cash flow is expected to grow at a constant rate of 5%, this implies that the stock's dividend yield is also 5%. B. The free cash flow valuation model for constant growth, Vop = FCF1/(WACC ? g), can be used to value firms whose free cash flows are expected to decline at a constant rate, i.e., to grow at a negative rate. C. The value of operations of a stock is the present value of all expected future free cash flows, discounted at the free cash flow growth rate. D. The constant growth model cannot be used for a zero growth stock, where free cash flows are expected to remain constant over time. E. The constant growth model is often appropriate for evaluating start-up companies that do not have a stable history of growth but are expected to reach stable growth within the next few years.
Owned-goods service providers often receive competition from _____
a. outshoppers b. do-it-yourselfers c. in-home shoppers d. personalizing shoppers
In certain circumstances, bargains are so oppressive that the courts relieve innocent parties of part or all of their duties
Indicate whether the statement is true or false
Peter Drucker stated, “Profit for a company is like oxygen for a person. If you don't have enough of it, you’re out of the game. But if you think your life is about breathing, you’re really missing something.” This statement reflects the ________ argument for corporate social responsibility.
a. ethical b. moral c. rational d. economic