Pursuant to the doctrine of separation of powers, the U.S. president is responsible for ensuring that the laws are faithfully ________

Michigan Manufacturing Inc. (MM) has a new project that will require the company to borrow $1,000,000. MM has made an agreement with three lenders for the needed financing

First National Bank will give $500,000 and wants 9% interest on the loan. Key West Bank will give $300,000 and wants 11% interest on the loan. Chase Bank will give $200,000 and wants 12% interest on the loan. What is the weighted average cost of capital for this $1,000,000? A) 10.67% B) 10.20% C) 10.00% D) 9.67%

In a multi-divisional firm, what are the two fundamental (and related) problems with the internal capital allocation process?

a. centralized information and tax-avoidance b. monitoring and signaling c. decentralized information and incentive problems d. signaling and tax-avoidance