Financial Slack

question 13

Multiple Choice

Financial slack:

• A) is associated with high leverage
• B) allows firms to take advantage of good investment opportunities
• C) solves any agency costs when managers want to empire-build
• D) is a term that describes a lazy CFO

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Definitions:

Interpersonal Skills

The abilities used by a person to interact effectively with others, including communication, empathy, and conflict resolution.

Social Justice

A framework and principle aimed at achieving fairness and equality in the distribution of wealth, opportunities, and privileges within a society.

Community Change

Describes the transformation of social, economic, and environmental conditions within a community to improve the wellbeing of its members.

News Release

An official statement issued to newspapers, television, radio, and other media outlets for the purpose of providing information or making an announcement.