A firm should always use its own WACC to evaluate projects regardless of their level of risk.

The Code determines negotiability at ________,so that indorsements do not affect the underlying negotiability of the instrument.

A) precompliance
B) abeyance
C) issuance
D) disaffirmance

Jeffrey Bezos, CEO of Amazon has been characterized by his employees as wielding _________power because he is so threatening and intimidating.

A) Legitimate
B) Referent
C) Procedural
D) Coercive
E) Negative

Beverage firms sometimes hire attractive young people to sit at fashionable bars, sipping the company's latest product offering. The firms hope these "models" will serve as a(n) ________ and influence consumers.

A) reference group
B) risk avoider
C) cultural determinant
D) cognitive learning experiment
E) evoked set

The state legislature has cut Gigantic State University's appropriations. GSU's Board of Regents decides to increase tuition and fees to compensate for the loss of revenue. The board is assuming that the

A) demand for education at GSU is elastic.
B) demand for education at GSU is inelastic.
C) coefficient of price elasticity of demand for education at GSU is unity.
D) coefficient of price elasticity of demand for education at GSU is greater than unity.

What type of foundation generally does not make grants to other organizations?

A) family
B) corporate
C) operating
D) independent