Profit maximization does not adequately describe the goal of the firm because
A) profit maximization does not require the consideration of risk.
B) profit maximization ignores the timing of a project's return.
C) maximization of dividend payout ratio is a better description of the goal of the firm.
D) A and B.
Answer: D
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The dyad level is best described as ______.
A. the most basic level B. examples similarities between people’s behaviors C. the relationship between two individuals D. the most complicated level
Kate subdivides land held as an investment and Section 1237 is satisfied. The lots sell for $30,000 per lot (basis $10,000). Kate sells five lots in the first year. Kate's ordinary income is
A. $0. B. $150,000. C. $20,000. D. $100,000.
The main purpose of "Bridges TV" was ________
A) to emphasize the importance of Asian careers and corporate success B) to employ American journalists C) to build bridges of understanding between American Muslims and mainstream America D) to serve Asian immigrants from mainland China
Keith McPherson earned $20,000 last year as a carpenter. He paid $6,000 for food, rent, medical expenses, and other "necessities." There was little construction work in February, so he took a trip to the Caribbean and spent $4,000. What was Keith's discretionary income last year?
A. $4,000 B. $20,000 C. $12,000 D. $10,000 E. The information given is insufficient.