The Pecking-Order Theory Suggests That Less Profitable Firms Borrow More

question 95

Multiple Choice

The pecking-order theory suggests that less profitable firms borrow more because:

• A) equity issues are more expensive.
• B) leverage is preferred over raising funds internally.
• C) debt issues are good omens.
• D) they have insufficient internal funds.

Distinguish among different types of labor agreements (e.g., closed shop, union shop, agency shop, and open shop) and their legality.

Understand the role and implications of injunctions in labor disputes and unionization efforts.

Analyze the strategies and outcomes of unionization efforts and collective bargaining processes.

Comprehend the legal framework governing union activities, including strikes, boycotts, and picketing.

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Definitions:

Technological Innovations

The introduction of new technologies or methods that improve products, processes, or services, driving efficiency, enhancements, and competitive advantage.

Dominant View

The most widely accepted perspective or belief in a particular context or society.

Contested Phenomena

Topics or issues that are disputed and debated because they lack a universally accepted definition or viewpoint.

Technological Determinism

The theory that society's technology drives the development of its social structures and cultural values.