All of the following conclusions on the importance of a dividend policy are true EXCEPT
A) as a firm's investment opportunities increase, the dividend payout ratio should decrease.
B) in order to avoid surprising investors, management should anticipate financing needs for the
short-term, but not for the long term.
C) dividends may influence stock price by the investor's desire to minimize and/or defer taxes
and from the role of dividends in minimizing agency costs.
D) the firm's expected earning power and the riskiness of these earnings are more important to
the investor than the dividend policy.
B
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As an outside sales training specialist, it is in your best interest to show a strong relationship between your program and subsequent performance. Which of the following factors would you suggest your clients measure to see if their investments have "paid off"?
a. salesperson morale b. improved customer relations c. salesperson turnover rates d. all of the above e. both b and c of the above
According to the McNickles article, which of the following institutions still have significant racial disparities?
a. Education b. Healthcare c. The legal system d. All of the above