Pavel Bought a Widget from Anna

question 62

True/False

Pavel bought a widget from Anna.He is disappointed because the widget is both unmerchantable and unfit for its intended purpose.Anna does not normally deal in widgets.As a result, Pavel can successfully sue on the basis of one of his complains, but not the other.

Discuss the factors contributing to federal budget surpluses or deficits and their implications for fiscal policy.

Explain how discretionary fiscal policy can shift aggregate demand and supply curves.

Understand the concept of the cost of capital and its importance in finance.

Calculate the cost of equity using different models (DCF, CAPM).

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Definitions:

Rate of Return

A measure of the profitability of an investment, expressed as a percentage of the initial investment.

Cumulative Voting

A voting system that allows shareholders to allocate their total votes in any manner they choose, across multiple candidates, which can benefit minority shareholders.

Board of Directors

A group of individuals elected to represent shareholders and govern and oversee the management and direction of a company.

Straight Voting

A voting procedure in board elections where shareholders must vote for directors individually, not as a slate.