Profit maximization does not adequately describe the goal of the firm because:
A) profit maximization does not require the consideration of risk.
B) profit maximization often has a short-term focus.
C) maximization of dividend payout ratio is a better description of the goal of the firm.
D) Both A and B
D
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Which of the following describes the Export-Import (Ex-Im) Bank?
a) It is an international financial institution formed to help developing nations. b) It is a wholly owned corporation of the U.S. government and promotes international trade. c) It is an international financial institution that provides capital loans. d) It focuses on policies that have an impact on the exchange rate and the balance of payments.
All of the following statements about the cancellation of a Homeowners 3 policy are true EXCEPT
A) The insurer may cancel a new policy for any reason if it has been in force for less than 60 days and is not a renewal policy. B) At least 100 days' notice of cancellation must be given if an insurer cancels a policy for nonpayment of premium. C) A policy written for longer than 1 year can be cancelled for any reason on the anniversary date by giving the insured at least 30 days' notice of cancellation. D) After a policy has been in force for at least 60 days, it can be cancelled by the insurer if the risk has increased substantially since the policy was issued.