Industrywide bargaining, as compared to company-by-company negotiations, has become the norm in recent years in recognition of the fact that all firms do not have an equal ability to pay

Cumulative default probability refers to

A. probability that a borrower will default over a specified multiyear period. B. expected maximum change in the loan rate due to a change in the risk factor on the loan. C. historic default rate experience of a bond or loan. D. expected maximum change in the loan rate due to a change in the credit premium. E. probability that a borrower will default in any given year.

In addressing social responsibility, managers must consider their firms' relations with

A. employees. B. owners. C. customers. D. the community. E. all of the answers are correct.