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Even If Two Firms Operate in the Same Industry, They

question 68

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Even if two firms operate in the same industry, they may prefer different choices of debt-equity ratios.


Definitions:

Bugis

An ethnic group from the island of Sulawesi in Indonesia, known for their maritime culture and significant historical role in trade within Southeast Asia.

Sulawesi

An Indonesian island known for its varied geography, diverse cultures, and unique wildlife.

Ramadan

The ninth month of the Islamic calendar, observed by Muslims worldwide as a month of fasting, prayer, reflection, and community.

Public Authority

An organization or governmental body with the power to make decisions and enforce laws within a specific area or community.

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