Principles of Corporate Finance (Mcgraw-hill/Irwin Series in Finance, Insurance, and Real Estate)
Principles of Corporate Finance (Mcgraw-hill/Irwin Series in Finance, Insurance, and Real Estate)
12th Edition
ISBN: 9781259144387
Author: Richard A Brealey, Stewart C Myers, Franklin Allen
Publisher: McGraw-Hill Education
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Chapter 32, Problem 10PS

a)

Summary Introduction

To determine: Whether the statement is true or false.

b)

Summary Introduction

To determine: Whether the statement is true or false.

c)

Summary Introduction

To determine: Whether the statement is true or false.

d)

Summary Introduction

To determine: Whether the statement is true or false.

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The globalization of markets, even for services, has increased the number of competitors and often lowered their cost of sales. The high rate of technological change in many industries has created new sources of value for customers, but not necessarily led to increases in profit for the producers. Still, those companies that have the capability to create and implement strategies that take account of these changes are well rewarded for their efforts. True or False?
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Match the following statements to sides of the fraud triangle. v "Everyone fudges their numbers to look A.Opportunity better. If we don't, we're at a disadvantage." B. Rationalization C. Incentive "Do you know that our division manager gets a larger bonus if we achieve our division profit goals? We should try to do it to help her out." v "We'need to make these sales targets or our stock price will fall." v "I like to hire employees who are loyal to me. 11 "We work really hard around here, so even if we cut a few corners it is still okay." "The accounting manager knows that I prefer some reports to come directly to me, rather than to internal audit."
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