A Firm with No Leases Has a Long-Term Debt Ratio

question 103

Multiple Choice

A firm with no leases has a long-term debt ratio of 50 percent.This means that the book value of equity:

• A)Equals the book value of long-term debt
• B)Is less than the book value of long-term debt
• C)is greater than the book value of long-term debt
• D)is unknown in relation to the book value of long-term debt

---

Definitions:

Implicit Attitudes

Unconscious beliefs or feelings that can influence one's behavior and understanding without one's awareness.

Prejudice

Prejudice is a preconceived opinion that is not based on reason or actual experience, often involving discriminatory thoughts or beliefs towards different groups of people.

Unconscious

The unconscious consists of the processes in the mind that occur automatically and are not available to introspection, including thought processes, memories, interests, and motivations.

Social Traps

Situations in which individuals or groups pursue self-interest leading to a result that is damaging to themselves or society as a whole.