The _____ principle holds that when industrial activity poses a risk, even if the threat is as yet poorly understood, prudence calls for restraint.

A putable bond gives the bondholder ________

A) the right to sell the bond back to the corporation at a discount B) the right to sell the bond back to the corporation at a stated premium C) the right to redeem the bond back to the corporation at the current market value D) the right to redeem the bond back to the corporation at par

A firm's managers can respond more quickly and effectively to strategic issues if the strategies of

its businesses are ________. A) horizontal B) vertical C) similar D) dissimilar