A Statement You Will Sometimes Hear People Say Is That

question 109

Multiple Choice

A statement you will sometimes hear people say is that a day is not 24 hours but is really 23 hr.56 min.and 4 sec.What does this refer to?

• A)The original definition of the hour was off,and with more accurate atomic clocks we now realize the real day is this length.
• B)This is sidereal time,not solar time; a solar day is 24 hours.
• C)Our clocks drift that much each day,and we average out the affect with period time shifts,like leap years and leap seconds.
• D)It is just an urban geek myth; the day really is 24 hours long.

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Definitions:

Market Value

The going price for an asset or service in the open market at which it can be traded.

Equity-Financed

Funded through the sale of owner's shares, rather than borrowing or accumulating debt.

Synergy Value

The added value created by combining two companies where the performance of the combined entity is greater than the sum of the separate individual parts.

Acquisition

The process of taking control of another company by purchase or merger.