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Racial & Ethnic Groups defines the culture ofpoverty as a way of life that involves no future planning noenduring commitment to marriage & no work ethic; […]

A merger that is driven by the potentially largereduction in the staffing of overlapping functions and theintegration of the two companies strong similar product lines isreferred […]

Multinational corporations can have lower cost ofcapital and more continuous access to external finance compared toa domestic firm.a. Trueb. False

Common stockholders bear more risk than debtholders butless risk than preferred stockholders.a. Trueb. False

Financial leverage is distinct from operating leveragesince it accounts for the use of:a.debt.b.fixed operating costs.c.preferred stock.d. both a and c.e. all of the above.

Since depreciation is a sunk cost it is not necessaryto consider depreciation in estimating cash flows for a new capitalproject.a. Trueb. False

The average cost of capital is the appropriate rate touse when evaluating new investments even though the newinvestments might be in a higher risk class.a. Trueb. […]

NPV and IRR can provide ranking inconsistencies whenprojects have unequal lives.a. Trueb. False

Which of the following provisions is unique to preferredstockholders and usually not available to common stockholders? a.Cumulative dividends feature b. Voting rights c. Fixed dividend d.Both […]