Longlast Tools, Inc., sells power tools, power tool parts, and related supplies under "full" warranties. Under the Magnuson-Moss Warranty Act, this means that Longlast must provide
A. free repair or replacement of any defective part.
B. a toll-free number for a Longlast-approved service company.
C. a complete catalog of products and parts available for sale.
D. repair or replacement of any defective part at a reduced charge.
Answer: A
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A useful tool for understanding and persuading that combines basic analytical thinking with recognition of the special features of the underlying legal system is ________.
A. sociological jurisprudence B. legal reasoning C. analytical reasoning D. legal positivism
Peer review is an example of
A. outplacement counseling. B. alternative dispute resolution. C. an employee carve-out. D. an employee assistance program. E. fair representation.
The lower the firm's tax rate, the lower will be its after-tax cost of debt and also its WACC, other things held constant.
Answer the following statement true (T) or false (F)
If interest rates decline after a bond is issued,
A. the bond's coupon is decreased. B. the bond's price falls. C. the yield to maturity will exceed the current yield. D. the current yield will exceed the yield to maturity.