A ________ is a factory in which little transformation of a product is undertaken

Which of the following is true of the Pension Benefit Guarantee Corporation?

A. It was created by the Employee Retirement Income Security Act (ERISA) of 1974. B. It provides a supplemental income if the employee is temporarily unemployed. C. It provides employee protection for only defined-benefit pension plans. D. It is funded by a payroll tax imposed on each plan participant. E. It guarantees retirees a basic benefit only if the employer is in a sound financial position.

Which of the following best illustrates the problem imposed by capital rationing?

A) bypassing projects that have positive NPVs. B) accepting projects with the highest NPVs first. C) accepting projects with the highest IRRs first. D) bypassing projects that have positive IRRs.