Answer the following statement(s) true (T) or false (F)
1. Using long-term debt to raise needed cash is referred to as leverage.
2. Equity capital takes two forms: retained earnings and the sale of stock issues to the general public.
3. Venture capitalists provide funds for new, small, or struggling firms in return for partial ownership in the business.
4. The par value of a share of stock is the going market price for the stock.
5. Stock shares that are sold are called issued stock and the unsold shares are called unissued stock.
1. TRUE
2. FALSE
3. TRUE
4. FALSE
5. TRUE
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The minimum rates of return or a minimum cash flow payback period are two standards established in capital investment analysis
Indicate whether the statement is true or false
In terms of implementing a diversity initiative, a “change agent” differs from the typical manager in that the change agent ______.
a. works more one-on-one to improve diversity b. has authority over diversity initiatives for the entire organization c. has firing authority to remove negative elements d. is exclusively a human resources department individual
A special type of combination store that integrates an economy supermarket with a discount department store is a _____
a. convenience store b. supercenter c. box (limited-line) store d. warehouse store
Jeb submits a bid to construct a student union building for the local community college. He realizes after submitting the final bid that he forgot to include the cost of the window casings for the entire building. He may:
a. revoke his bid at any time. b. not revoke his bid due to the statutory irrevocability of the bid. c. reject the offer of the college to build the student union when the college chooses his bid because it is the lowest. d. refuse, based on the windfall theory, to put in the window casings even if they were part of the bid specifications put out by the college.