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1. True or False. If interest rates are positive and you live in a state with no crime, $1.00 today IS ALWAYS worth more than
1. True or False. If interest rates are positive and you live in a state with no crime, $1.00 today IS ALWAYS worth more than $1.00 at some point in the future. a. True b. False 2. Consider the information in the table below: In which corporation would you expect the agency problem between management and shareholders to be the greatest? a. The A Corp. b. The B Corp. c. The C Corp. d. The D Corp. e. I would expect the agency problem between ownership and control to be equally severe in each of the four corporations. 3. You are the chief executive officer of the Steak and Ale Corporation, which operates 100 steakhouses in ten states, including Mississippi and New York. The average amount spent per visit by customers of Steak and Ale is $55.00. Steak and Ale is a publicly traded corporation that has 10,000,000 shares outstanding and is currently trading at a price of $12.22 per share. Given this information, select the most accurate statement below. a. As CEO, your goal should be to build ten new restaurants per year for the next five years to better compete with the Ruth's Chris Steak House Restaurant. b. As CEO, your goal should be to increase the average amount spent by a customer in your restaurants from $55.00 per visit to $66.60 per visit. c. As CEO, your goal should be to increase the minimum per hour wage paid to your kitchen staff from $13.20 per hour to $21.00 per hour. d. As CEO, your goal should be to take actions to maximize your company's stock price. e. As CEO, your goal should be to take actions to maximize your company's earnings
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