When it comes to choosing an operating target, both the ________ rate and ________ aggregates are easily controllable using the Fed's policy tools

In undertaking a seasoned equity offering (SEO), why do firms almost always hire an underwriter via negotiation rather than competitive bidding?

a. The SEC mandates negotiation for SEOs (except in rare cases). b. The selling process can be problematic because of informational asymmetry problems. c. Negotiation actually results in a lower underwriter spread.

In semiautonomous work groups, members take on duties, such as making work assignments, once performed by their supervisors

Indicate whether the statement is true or false