According to the Wharton/CIBC Survey of 1998 on hedging, only when a firm is sufficiently large to overcome the fixed costs of hedging does the firm
A) create an international division responsible for hedging.
B) institute tax shelters using hedging devices.
C) institute a hedging policy.
D) hold only the cash manager responsible for hedging.
Answer: C
Business
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In his study of managers and their jobs, Professor Harvey Mintzberg identified this as a core management role:
a. Interpersonal roles b. Informational roles c. Decisional roles d. All of the above e. None of the above
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When it is impossible for a corporation to pay its debts, how is bankruptcy declared?
A) The Board of Directors is declared bankrupt B) The shareholders are declared bankrupt C) The directors are declared bankrupt D) The corporation is declared bankrupt E) B and C
Business