A product team structure is more decentralized than a functional structure

Which of the following statements is FALSE?

A) The one advantage of a cash offer is that the underwriter takes on a larger role and, therefore, can credibly certify the issue's quality. B) SEO underwriting fees average about 5% of the proceeds of the issue and, as with IPOs, the variation across issues of different sizes is relatively small. C) As with IPOs, evidence suggests that companies overperform following a seasoned offering. D) Often the value destroyed by the price decline can be a significant fraction of the new money raised with a SEO.

Because leading is one of the four basic managerial functions, ________ leaders

A) all managers are B) all managers should be C) some managers are D) some managers should be