In developing a compensation policy used to implement a product-differentiation strategy, firms will
A) hold individuals responsible for experiments that fail.
B) punish individuals for taking risks when their projects are not successful.
C) simultaneously use multiple dimensions to examine employee performance.
D) provide appropriate incentives for managers and employees to reduce costs.
C
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________ refers to a set of distinguishing human psychological traits that lead to relatively consistent and enduring responses to environmental stimuli
A) Image B) Personality C) Psychological transformation D) Lifestyle E) Acculturation
Tangshan Mining is considering issuing long-term debt. The debt would have a 30 year maturity and a 12 percent coupon rate and make semiannual coupon payments
In order to sell the issue, the bonds must be underpriced at a discount of 2.5 percent of face value. In addition, the firm would have to pay flotation costs of 2.5 percent of face value. The firm's tax rate is 33 percent. Given this information, the after-tax cost of debt for Tangshan Mining would be ________. A) 6.38% B) 12.76% C) 4.98% D) 8.48%