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The Happenstance Approach Emphasizes Making the Most Out of Unplanned

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Essay

The Happenstance Approach emphasizes making the most out of unplanned events and creating chance.Describe how you might encourage this.


Definitions:

Flotation Costs

Costs associated with a company issuing new securities, such as fees for underwriting, legal assistance, and registration.

Cost of Capital

The essential profit rate that companies need to hit on their investments to uphold their value in the market and attract capital.

Capital Budgeting

The process a business undertakes to evaluate and select long-term investments that are consistent with the firm's goal of wealth maximization.

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