The old adage, "Figures lie, and liars figure" means that we must be careful in evaluating empirical data

Several years ago, all CSUF faculty took a 9.23% pay cut in exchange for a promise that no faculty member would lose his or her job. This is an example of:

A. Theory of justice. B. Principle of equal freedom. C. Doctrine of the mean. D. Utilitarianism.

The tax shield on interest is calculated by multiplying the interest rate paid on debt by the principal

amount of the debt and the firm's marginal tax rate. Indicate whether the statement is true or false