Which of the following statements is true of the balanced-scorecard? a. it is a more or less a one-dimensional metric of measuring competitive advantages of a firm. b. it is one of the traditional approaches of measuring firm performance. c. its primary focus is to base a firm's strategic goals entirely on external performance dimensions. d. it attempts to provide a holistic perspective on firm performance.

The movement of an economy from one condition to another and back again

The selling price of houses would be most likely to decrease if there were first a decrease in which of the following? a. new-housing construction. b. mortgage interest rates. c. the unemployment rate. d. construction workers' wages. 2b2t

Which of the following statements about a not-for-profit firm’s cost of capital estimate is most correct? a. since a not-for-profit firm has no shareholders, its wacc estimate does not include a cost of equity (fund capital) estimate. b. the capital structure weights for a not-for-profit firm are set at 50/50, because such firms can raise $1 of debt financing for each dollar of retained earnings. c. the cost of tax-exempt debt issued by not-for-profit firms is increased (“grossed up”) by 1 - t in the wacc estimate to reflect the fact that such firms do not pay taxes. d. equity (fund) capital has a cost that is roughly equivalent to the cost of retained earnings to similar investor-owned companies. e. none of above is correct.