Many critics charge that the American marketing system causes ________ to be higher than they would be under more "sensible" systems.

Jake declared personal bankruptcy in Ontario in 2015. Which of the following assets could JakeNOT keep?

A) $8,000 worth of furniture B) a $7,000 pick up truck C) $10,000 in a life insurance policy D) $5,000 in clothes and hockey equipment E) he can keep all of these assets

Which of the following differentiates the cost of retained earnings from the cost of newly-issued

common stock? A) the cost of the pre-emptive rights held by existing shareholders B) the greater marginal tax rate faced by the now-larger firm C) the larger dividends paid to the new common stockholders D) the flotation costs incurred when issuing new securities