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Which of the following qualifies as empirically-based knowledge?
Key Employees
Employees considered crucial to the operation and success of a business due to their skills, knowledge, or roles.
Optimal Capital Structure
The best mix of debt, equity, and other financing sources that minimizes the company's cost of capital while maximizing its value.
Debt-equity Ratio
Ratio that measures a company's financial leverage by dividing its total liabilities by its shareholder's equity, indicating the balance between debt financing and equity financing.
Direct Bankruptcy Costs
The costs that are directly associated with bankruptcy, such as legal and administrative expenses.
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