Financial Managers Prefer to Choose the Same Debt Level No

question 71

True/False

Financial managers prefer to choose the same debt level no matter which industry they operate in.

---

Definitions:

Legal Obligation

A duty enforced by law that requires a person or entity to act or refrain from acting in a certain way.

Crane

A large, tall machine used for moving heavy objects by suspending them from a projecting arm or beam.

Forklift

A powered industrial truck used for lifting and moving materials over short distances, commonly found in warehouses and manufacturing facilities.

Restrictive Covenant

A private restriction on the use of land. If its benefit or obligation passes with the land’s ownership, it is said to “run with the land.”