If investors have homogeneous expectations, the market is efficient, and there are no taxes, no transactions costs, and no bankruptcy costs, the Modigliani and Miller Proposition I states that:
A. bankruptcy risk rises with more leverage.
B. managers cannot change the value of the company by using more or less debt.
C. managers cannot increase the value of the company by employing tax saving strategies.
Ans: B. managers cannot change the value of the company by using more or less debt.
Business
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A sampling plan is best for evaluating quality when:
1. Inspection costs are high 2. Inspection costs are low 3 . Non-destructive testing is available 4. Destructive testing is required A) 1 and 3 B) 1 and 4 C) 2 and 3 D) 2 and 4
Business
Total quality management was once widely used by Japanese and U.S. corporations but has since been replaced by individual leadership programs
Indicate whether the statement is true or false
Business