Which of the statements below is NOT true?
A) Preferred stock is a form of hybrid equity financing.
B) Retained earnings are a form of hybrid equity financing.
C) Common stock is a form of equity financing.
D) Corporate bonds are a form of debt financing.
Answer: B
Explanation: B) Retained earnings are internal equity financing.
Business
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Which of the following approaches to budgeting involves trying different levels of spending–either in different regions or in more controlled settings–and monitoring the results?
A) affordability B) experimentation C) decision calculus D) competitive parity
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Conflict is an antidote for groupthink. 57)
Indicate whether the statement is true or false.
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