Pecking Order Theory

Brigham Concise 4th Edition Chapter 1: An Overview of Financial Management 1. Which of the following are among the three main areas of finance? a. financial institutions b. investments c. financial management d. all of the above are correct e. none of the above are correct d. Correct. 2. The globalization of business and the increased use of information technology are the two key trends in financial management today. a. True b. False a. True 3. Which of the following could explain why a business might choose to organize as a corporation rather than as a sole proprietorship or a partnership? a. Corporations generally face fewer regulations. . Corporations generally face lower taxes. c. Corporations generally find it easier to raise capital. d. Corporations enjoy unlimited liability. e. All of the above statements are correct. c. Correct. 4. A partnership is subject to the same taxation as corporations. a. True b. False b. False 5. One main disadvantage of partnerships is the requireme nt of a charter and set of bylaws. a. True b. False b. False 6. One disadvantage of the sole proprietorship form of organization is that there is: a. unlimited liability. b. double taxation c. more regulations than for corporations d. easy transferability of ownership interest . all of the above are correct. a. Correct 7. A corporate charter should include which of the following: a. name of the proposed corporation b. type of activities it will pursue c. amount of capital stock d. number of directors e. names and addresses of directors f. all of the above f. Correct. 8. One reason that the value of most businesses is maximized if they are organized as a corporation is that: a. corporations face unlimited liability. b. it is easier to transfer ownership of a corporation (corporations are more liquid assets). c. corporations have a more difficult time raising capital than sole proprietorships. d.All of the above b. Correct 9. Which of the following represents a significant disadvantag e to the corporate form of organization? a. Difficulty in transferring ownership. b. Exposure to taxation of corporate earnings and stockholder dividend income. c. Degree of liability to which corporate owners and managers are exposed. d. Difficulty corporations face in obtaining large amounts of capital in financial markets. b. Correct 10. The chief financial officer (CFO) is usually the highest ranking officer in a corporation. a. True b. False b. False 11. The activities of the financial staff include: a. forecasting and planning. b. ajor investment and financing decisions. c. dealing with financial markets. d. risk management. e. all of the above. e. Correct. 12. The financial vice-president’s key subordinates are the president and the chief executive officer. a. True. b. False b. FAlse. 13. In most firms the treasurer has the responsibility for managing the firm’s cash and marketable securities, for planning its capital structure, for selling stocks and bonds to r aise capital, for overseeing the corporate pension plan, and for managing risk. a. True b. False a. True 14. The primary goal of a publicly-owned firm interested in serving its stockholders should be to: a.Maximize expected total corporate profit. b. Maximize expected EPS. c. Minimize the chances of losses. d. Maximize the stock price per share. e. Maximize expected net income. d. Correct 15. Managers that depart from the goal of shareholder wealth maximization run the risk of being removed from their jobs. a. True b. False a. True. 16. Most actions that help a firm increase the price of its stock also benefit society at large. a. True b. False a. True. 17. The primary contribution of finance to total social welfare is its: a. Function as a productive resource. b. Contribution to the efficient allocation and use of resources. c.Role as an exogenous variable. d. Positive impact on the externalities of â€Å"other variables. † e. Contribution to environmental protection. b. Cor rect 18. Most firms today have in place strong codes of ethical behavior, yet there are no obvious answers for many of the ethical questions facing many companies. a. True b. False a. True. 19. Socially responsible actions that increase costs may have to be put on a mandatory basis. a. True b. False a. True. 20. An agency relationship arises whenever one or more individuals hire another individual or organization to perform some service and delegate decision-making authority to that agent. . True b. False. a. True. 21. In financial management the primary agency relationships are those between: a. stockholders and managers b. managers and debtholders c. managers with similar levels of authority within the firm d. a and b e. a, b, and c d. Correct 22. Which of the following work to reduce agency conflicts between stockholders and bondholders? a. Including restrictive covenants in the company’s bond contract. b. Providing managers with a large number of stock options. c. The pas sage of laws that make it easier for companies to resist hostile takeovers. d.All of the statements above are correct. a. Correct 23. Which of the following actions are likely to reduce agency conflicts between stockholders and managers? a. Paying managers a large fixed salary. b. Increasing the threat of corporate takeover. c. Placing restrictive covenants in debt agreements. d. All of the statements above are correct. b. Correct 24. The managers should always undertake actions that result in a transfer of wealth from bondholders to stockholders. a. True b. False b. False. 25. Which of the following factors tend to encourage management to pursue stock price maximization as a goal? . Shareholders link management’s compensation to company performance. b. Managers’ reactions to the threat of firing and hostile takeovers. c. Statements a and b are both correct. c. Correct. 26. Mechanisms used to motivate managers to act in shareholders’ best interests include: a. m anagerial compensation b. direct intervention by shareholders c. the threat of firing d. the threat of takeovers e. all of the above e. Correct. 27. Creditors lend funds at rates that are based on: a. riskiness of the firm’s existing assets b. expectations concerning the riskiness of future asset additions c. he firm’s existing capital structure d. expectations concerning future capital structure decisions e. all of the above e. Correct. 28. The dividend policy decision is the way the firm is funded (e. g. , the mix of debt and equity used). a. True Incorrect. The dividend policy decision is the choice of how much of earnings to pay out as dividends and how much to retain to reinvest in the firm. b. False b. False. 29. Managerial actions are the only determinant of a firm’s stock value. a. True False. b. False. 30. If the firm maximizes EPS, it will maximize stockholder wealth. a. True b. False b. False.

Assessment of Patients Perceptions

Caring has been widely discussed in the health care professions, especially in nursing which is considered to be one of the caring professions (Boykin and Schoenhofer 2001). Watson (1985) describes caring as a moral ideal of nursing. According to Watson, caring preserves human dignity in cure dominated health care systems and becomes a standard by which cure is measured (Watson 1988c, p. 177). Research literature indicates that the assessment of quality of care from the patient’s perspective has been operationalised as patient satisfaction (Dufrene 2000). Nurse caring has been related to patient satisfaction in western literature (Wolf et al 2003; Wolf et al 1998; Forbes and Brown 1995; Boyle et al 1989). There are so many factors that influence patients’ perceptions of care given by the opposite sex. Some of these are: Age, ethnicity, gender, socio-economic and health status. The most consistent finding has been related to age. Older patients tend to be more satisfied with their health care. Studies that have looked at ethnicity have generally held that being a member of a minority group is associated with lower rates of satisfaction. Studies on the effect of gender show that women tend to be less satisfied and other studies show the opposite. Most studies have found that individuals of lower socio-economic status and less education tend to be less satisfied with their health care. Other studies have shown that poorer satisfaction with care is associated with experiencing worry, depression, fear or hopelessness, as is having a psychiatric diagnosis such as schizophrenia, post-traumatic stress disorder or drug abuse. Health status can greatly influence satisfaction of an individual (Hall, 1990). It is important to examine the relationships of nurse caring to patient satisfaction in Cape Coast because of severe staff shortages, heavy workload, and low salaries in Cape Coast Hospitals. Nursing literature had long recognized importance of these perceptions as major factors militating against prompt and effective service delivery in the care environment. One of the critical roles and ethics of the nurse is to treat all patients irrespective of their gender, colour, creed, political inclination and religious affiliations. High quality nurse-client communication is the backbone of the art and science of nursing. It has a significant impact on patient well-being as well as the quality and outcome of nursing care, and is related to patients’ overall satisfaction with their care. The maintenance of high nurse patient communication also depends on the nurse and patient. The quality of care in a hospital has been shown to be influenced by several factors including: inadequate nursing staff, lack of regular water supply on wards, too much nursing documentation, too long waiting time, and lack of specialized nurses. In Ghana, there is crisis in nurse-client communication evidence from four sources. These are personal observation, anecdotes from client and their families, media reports, and official health reports. Although there is ample evidence to demonstrate that most nurses are females, one cannot discount the enormous services that male nurses provide irrespective of their gender. The ever increasing number of female nurses compared to male nurses in our wards, coupled with patient dissatisfaction toward treatment received has raised a lot of questions as to whether there is a perceived idea that male nurses offer better care or otherwise. With the introduction of Health Insurance a few years ago, more patients report to the hospital and are also consciously aware of their rights and responsibilities as patients and hence will demand for better service delivery from care givers. Recently, patient dissatisfaction has been on the ascendancy in several hospitals across Ghana including University of Cape Coast Hospital. This has raised a lot of concerns about the perceptions patients have regarding the care given by male nurses.

The Four Different ResearchTheories & Differences and Similarities Assignment

The Four Different ResearchTheories & Differences and Similarities between theory and hypothesis - Assignment Example In the process of criminal research there are many things to consider in teaching people on criminal justice research. However, to be able to understand the plan in construction new crime prevention strategy city wide there are major points that require to be discussed. The main points that will be tackled for educational information will include definition of theories of inductive, deductive, axiomatic as well as grounded research theories (Ireland, Berg & Mutchnick, 2010). In addition, looking at all these theories, one can be considered to be more valid than the rest. There are a number of theories introduced in the criminal justice system and they all have differences and similarities that that make them separate entities in the field of criminal justice. Knowing the theories is one main point but being able to define the variables and their importance as theoretical schemes components is crucial to providing learning information to police captains. Key Differences between the Research Theories In this section, a generalization of the four theories will be given to gain a basic understanding of each one. Deductive reasoning takes general information and gives it a particular instance. An example of this kind of reasoning can be dogs sleep twelve hours a day. Understanding that this may be true for one dog, it can be concluded that that is also true for all dogs based on the fact that they have the same biology. Inductive reasoning involves taking well detailed facts and applying them to general principles. An example could be that all cows are spotted. Another example could be that every day the sun rises in the morning and sets in the evening. It can be said to be a simplified version of facts such as location, speed and viewpoints (Ireland, Berg & Mutchnick, 2010).... Deductive reasoning takes general information and gives it a particular instance. An example of this kind of reasoning can be dogs sleep twelve hours a day. Understanding that this may be true for one dog, it can be concluded that that is also true for all dogs based on the fact that they have the same biology. Inductive reasoning involves taking well detailed facts and applying them to general principles. An example could be that all cows are spotted. Another example could be that every day the sun rises in the morning and sets in the evening. It can be said to be a simplified version of facts such as location, speed and viewpoints (Ireland, Berg & Mutchnick, 2010). Grounded theory is a methodology that is systematic involving coming up with a theory from data that is gathered and available. It is mainly used when doing qualitative research, even though it can be applicable for quantitative data. In other words it is the scientific method that has been reversed. One starts by collec ting data in a variety of ways first then from the data gathered a hypothesis is proposed. Using the axiomatic research theory, the system is made up of any set of axioms or postulate in coming up with a proposition that has not been demonstrated or proven but is considered to be self evident or is known to be true without any proof. From this all or some of the axioms can be used together to come up with logically derived theorems. In other words the data is taken to be factual without having to necessarily prove it (Hagan, 2009). Which theory is more valid? Looking at the four theories the grounded theory can be considered to be more valid based on the methodology it uses. Its apparent ability to come up with theories by use of an inductive approach has put it forward as very relevant

Fifth Amendment Confessions and Interrogations Research Paper

Fifth Amendment Confessions and Interrogations - Research Paper Example However, Amanda had a right to contest the quality of the drug under the conspiracy count at the time of her sentencing hearing. Before the hearing, she was told that her plea had been accepted and that she was going to face a mandatory minimum sentence in prison for one year for the offence. But if the prosecution could prove that the amount of the cocaine that was involved required five kilograms, that was necessary for longer sentence, she would face a minimum of not less than ten years in prison. During the trial, Amanda was informed that by making the guilty plea, she was relinquishing her Fifth Amendment right that she had the right to remain silent at the time of trial (Berger, 111). During the trial, the District Court heard several testimonies from Amanda’s co-defendants, they testified that the alleged drug amount that Mitchell sales put her above the five-kilogram threshold. Mitchell on the other hand never testified in defence of the charges made by the government regarding the mass of the drug. Her lawyers argued that the mass of the cocaine that was attributed for her sentence purpose was not equivalent to the threshold. But as a result of her pleading guilty, the District Court ruled that Amanda had given up the right of remaining silent on the crimes that were detailed. As a result, the District Court agreed with testimonies given by her co-defendants’ that had put her on the five-kilogram threshold. As a result, a minimum sentence of ten years was mandated (Hickey, 55). It was noted that the failure on testifying had contributed to the decision that was made by the court to accept the very testimonies that were given by her co-defendants. The Court of Appeals affirmed this decision. However, the District Court held that at sentencing, the pleading guilty was not a waiver of privilege. In addition, it held that trial courts might not draw antagonistic inference though the silence of

3. Discuss the trends in terrorism that you envision for the upcoming Essay

3. Discuss the trends in terrorism that you envision for the upcoming decade - Essay Example It is not a recent issue but a common debate today. The use of technology in such acts has exploited all the means of communication (the internet, telephone etc). These organizations plan to kill a larger number of people in a minimum time period. The ratio of natural deaths has decreased as compared to mob killings due to bomb blasts and terrorism. One can define it as â€Å"Terrorism is a term used to describe the method or the theory behind the method whereby an organized group or party seeks to achieve its avowed aims chiefly through the systematic use of violence. Terrorist acts are directly against persons who as individuals, agents or representatives of authority interfere with the communication of objectives of such groups† (Engene, 2004, p. 6) It would not be wrong if one states that terrorism evolved from the 9/11 attacks on the World trade center. Not merely the south East Asian region but the rest of the World as well is highly affected by the terrorist activities. The advancement in the past decade would leave a far more powerful effect of the decade to come. ("Conference on terrorism," 2008) The vast use of technology, fewer incidents and larger killings, use of weapons of destructions all these changing trends n terrorism must be carefully examined by the government as well as other organizations. Close check upon such activities would help in calculating future trends, identify and target the anarchist. These trends in terrorism lead to different government policies to control and reduce terrorism. (Levy, 2007, p. 125) Engene, J. (2004).  Terrorism in western europe: Explaining the trends since 1950. (p. 6). Edward Elgar Publishing. Retrieved from http://books.google.com.pk/books?id=8VR765amvzAC&printsec=frontcover&dq=trends in terrorism&hl=en&sa=X&ei=mBjIUJXwMOrI0QWt-oHoDg&redir_esc=y Conference on terrorism in south & southeast asia in the coming decade. (2008). In  CONFERENCE ON TERRORISM IN SOUTH & SOUTHEAST ASIA IN THE COMING

Mid sized corporation Research Paper Example | Topics and Well Written Essays - 250 words

Mid sized corporation - Research Paper Example Therefore it would be ethical to settle the case with Mr. Larry and also to pay him certain amount of money as a result of which he doesn’t reveal the secrets of the company. However certain policies like termination, penalty or certain other strict punishment must be imposed upon him if this happens in the near future (Herman, 2010). If he is not stopped from doing so then there are chances that he may repeat these kinds of activities. As the company is under at-will state which states that the employees can quit at any time as well as the employer can fire an employee at any time for any reason (Runkell, n.d.). Hence if this is repeated in the near future the company has the right to terminate him as per the law. Herman, S., (2010). Male Sexual Harassment Claims on the Rise. Addressing Male Sexual Harassment in the Workplace. Retrieved Online on October 1, 2010 from http://www.hrmreport.com/news/male-sexual-harassment-claims-rising/ Ricadela, A., (2010). HP’s Former CEO Said to Settle with Sexual-Harassment Accuser. Bloomberg. Retrieved Online on October 1, 2010 from

The affect of globalization on China Literature review

The affect of globalization on China - Literature review Example Globalization is a significant but not a new economic phenomenon. World Bank throws out that there were three main globalization waves since 1870 where the global economy, capital flow and migration have been increasing dramatically. China is the fastest growing country among all the developing countries and dominates an important role in the most recent globalization wave. From the figure 1, we can see that the GDP of China has been significantly increasing to an unprecedented rate and the rate has maintained 12% growth annually in the global economic integration decade. The rapid economic growth in China captures the world’s attention especially after the economic reform and openness policy in 1978 as the Trade, exports and imports have enormously gone up (Refer to Figure 2). Perhaps like other developing countries, China has been experiencing an increase in economic inequality accompany with the global economic integration. As shown in figure 3, the Gini coefficient from 19 78-2008 presents that the inequality within the country has been highly raised. Growing on the intra-country inequality not only affect the stability of the country, but also hamper the potential economy growth. Moreover, the inequality problem is quite complicated in China as the wage inequality, uneven income distribution and regional disparity are all needed to take into account when we concern about the economic inequality of a country. The following chapter will briefly review the current literature to see what scholars have discovered on this topic and how they argue about the story. In chapter 3, the empirical model will be constructed and displays the details of data resource, data description and OLS assumptions. Chapter 4 will access the tests for the model to check its validity, and then find out the relationship between the four independent variables and the dependent variable. Critical analysis about the globalization impact on the inequality in China will also applied in Chapter 4. The conclusion will be drawn in Chapter 5 to summarize what evidences have been found from