What are the four attributes that are discussed in Porter's diamond?
What will be an ideal response?
Ans: The four attributes of Porter's diamond are factor endowments, demand conditions, related and supporting industries, and firm strategy, structure, and rivalry. Factor endowments are a nation's position in factors of production, such as skilled labor or the infrastructure necessary to compete in a given industry. Demand conditions are the nature of home-country demand for the industry's product or service. Related and supporting industries are the presence of absence of supplier industries and related industries that are internationally competitive. Firm strategy, structure, and rivalry is the conditions governing how companies are created, organized, and managed and the nature of domestic rivalry.
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Which of the following are accurate statements concerning the role that restrictive covenants play in reducing moral hazard in financial markets?
A) Covenants reduce moral hazard by restricting borrowers' undesirable behavior. B) Covenants require that borrowers keep collateral in good condition. C) Covenants require periodic accounting statements and income reports. D) All of the above. E) Only A and B of the above.
What is the difference between a secured bond and a debenture bond?
What will be an ideal response?