Which of the following would not be a crime against public authority?
A. Perjury C. Fraud
B. Bribery D. Obstructing justice
C
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Negotiation is often a ______ game in which one party’s gain is the other party’s loss.
A. win-win B. zero-sum C. lose-lose D. fair
Identity-based motivation theory predicts that small changes in the workplace could have powerful effects on behavior if the change focuses on ______.
a. outcomes like job satisfaction b. behavioral responses c. exclusionary messages in the workplace *d. interpretation of experienced difficulty
Which of the following statements is CORRECT? Assume that the project being considered has normal cash flows, with one outflow followed by a series of inflows.
A. One drawback of the regular payback for evaluating projects is that this method does not properly account for the time value of money. B. If a project's payback is positive, then the project should be rejected because it must have a negative NPV. C. The regular payback ignores cash flows beyond the payback period, but the discounted payback method overcomes this problem. D. If a company uses the same payback requirement to evaluate all projects, say it requires a payback of 4 years or less, then the company will tend to reject projects with relatively short lives and accept long-lived projects, and this will cause its risk to increase over time. E. The longer a project's payback period, the more desirable the project is normally considered to be by this criterion.
At the beginning of the year Giant Inc.'s management is considering making an offer to buy Micro Corporation. Micro's projected operating income (EBIT) for the current year is $31.0 million, but Giant believes that if the two firms were merged, it could consolidate some operations, reduce Micro's expenses, and raise its EBIT to $37.0 million. Neither company uses any debt, and they both pay income taxes at a 35% rate. Giant has a better reputation among investors, who regard it as very well managed and not very risky, so its stock has a P/E ratio of 13 versus a P/E of 9 for Micro. Since Giant's management would be running the entire enterprise after a merger, investors would value the resulting corporation based on Giant's P/E. If Micro has 10 million shares outstanding, by how much
should the merger increase its share price, assuming all of the synergy will go to its stockholders? Do not round your intermediate calculations. A. $15.10 B. $11.16 C. $16.41 D. $13.79 E. $13.13