A business begins with $1,000,000 from its owners. It intends to reach a leverage ratio of 3. How much does it expect to borrow?
a) $4,000,000
b) $3,000,000
c) $2,000,000
d) $1,000,000
Answer: c) $2,000,000
Business
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Fill in the blank(s) with the appropriate word(s).
Business
____________: States that greatest good for greatest number of people should be overriding concern Benefit vs. cost analysis
Fill in the blank(s) with the appropriate word(s).
Business