If the firm uses the after-tax cost of new debt as the discount rate when analyzing a refunding decision, and if the NPV of refunding is positive, then the value of the firm will be maximized if it immediately calls the outstanding debt and replaces it with an issue that has a lower coupon rate

Which of these statements regarding project crashing is true?

A) Crashing is not possible unless there are multiple critical paths. B) Activities not on the critical path cannot become critical after crashing. C) Crashing shortens the project duration by assigning more resources to one or more of the critical tasks. D) Crashing a project often reduces the time it takes for lengthy or complex, but noncritical activities.

The delegation doctrine governs the powers that are given an administrative agency

Indicate whether the statement is true or false