The inexpensive nature of long-term debt in a firm's capital structure is due to the fact that ________
A) the equity holders are the true owners of the firm
B) equity capital has a fixed return
C) interest payments are tax-deductible
D) equity holders have a higher position in the priority of claims
C
Business
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The ________ marketing sales system works by recruiting independent businesspeople who act as distributors
A) catalog B) multilevel C) direct-response D) corporate E) direct
Business
A marketer's only concern is how best to create demand for a new product produced by his/her company. Improving product design is not his/her responsibility
Indicate whether the statement is true or false
Business