Global strategic plans help to ensure that decision makers have a common understanding of the business and to think through the impact of their decisions and actions firm-wide.

The Uruguay Round extended trading policy to cover _____.

Fill in the blank(s) with the appropriate word(s).

Which of the following is NOT a factor offsetting the tax advantage of debt as a source of financing?

A) increased agency costs B) increased probability of financial distress (bankruptcy) due to fixed interest payments C) alternative tax shields to those supplied by interest payments D) All of the above offset the tax advantage of debt as a source of financing.