In McCulloch v. Maryland the Supreme Court upheld the constitutionality of a bank chartered by Congress
a. True
b. False
Indicate whether the statement is true or false
True
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In determining whether a decision is ethical, teleological ethical theories focus on the consequences of the decision.
Answer the following statement true (T) or false (F)
Hall and Porter argue that firms have two generic alternative strategies for any particular product. These strategies are
a. low risk focus, low risk focus b. retail customer focus, wholesale customer focus c. product differentiation, low-cost leadership d. low operating leverage, high operating leverage
Which of the following ratios would not be affected by the choice of depreciation methods?
a. Working capital turnover b. Earnings per share of common stock c. Debt to equity d. Price-earnings ratio
Blossoms Inc, a local florist, is considering replacing its current refrigerator used for storing flowers with a larger one. The estimated cost of the new refrigerator will be $30,000. Using a discount rate of 15%, the company calculates a net present value for the new refrigerator of $6,000. Based on this information, which of the following statements is true?
A) If the actual cost of the new refrigerator ends up being greater than $36,000, the net present value will become negative. B) If the actual cost of the new refrigerator ends up being less than $36,000, the net present value will become negative. C) If the actual cost of the new refrigerator ends up being $30,000, the actual rate of return is equal to 15%. D) If the actual cost of the new refrigerator ends up being less than $30,000, the company should not make the investment.