To remain number one, leading firms can take any of three actions. First, they can find ways to expand total demand. Second, they can protect their current market share through good defensive and offensive actions. Third, they can ________
A) focus exclusively on divestment
B) evaluate current employees and reduce costs through downsizing
C) run smaller companies out of business, causing them to sell out to larger firms
D) try to expand their market share further, even if market size remains constant
E) shut down current company locations and reopen in highly populated areas
D
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The direct method starts with net income and adjusts it to net cash provided by operating activities
Indicate whether the statement is true or false
Just prior to the global financial crisis, mortgage loans known as NINJA loans were issued to borrowers. What is a NINJA loan?
A) A loan issued by a Japanese bank, thus avoiding U.S. regulation. B) A loan document originated by a mortgage banker named Bruce Lee. C) A loan issued to borrowers with no income, employment, nor assets to speak of. D) A loan issued with a "martial arts" clause.