Which of the following statements is true?
A) The presence of asymmetric information in financial markets increases the likelihood that these markets are efficient.
B) Accounting profits are always more important to shareholders than cash flows.
C) Managers should choose investment projects that maximize shareholder wealth.
D) The study of finance only benefits students who aspire to careers in business.
E) Investors should not be compensated with a higher return for owning risky securities since they should know better than to buy stock in a firm that has uncertain prospects.
C
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Ian, a financial manager, is preparing to transfer to Germany where he will serve as an expatriate manager of his employer's European office. With which type of legal system will Ian most likely have to deal with in Germany?
A) mixed B) common C) civil D) theocratic
Which of the following is not true regarding how Chinese do business?
a. they are fast in formulating a plan of action b. meetings start with pleasantries c. the host often knows the background of the guests d. when the meeting is over, the host will indicate this