According to Data Collected in 2003, Larger Publicly Traded Firms

question 54

Multiple Choice

According to data collected in 2003, larger publicly traded firms tended to

• A)use more non-financial debt financing.
• B)be more indebted than smaller firms.
• C)have a ratio of short-term debt to total debt of about 50%.
• D)all of the above.

---

Definitions:

Unconscionability

Describes a contract or term within a contract deemed so unfair or oppressive to one party that no reasonable or informed person would agree to it.

Risk of Loss

The responsibility for damage or financial burden that may arise from the destruction, damage, or loss of goods.

Fraud in the Inducement

A legal term referring to a deceptive act used to convince someone to enter into a contract, which significantly impacts the victim's decision to agree.

False Representation

The act of providing untrue, misleading, or deceptive information with the intent to defraud others.