8. The pecking order hypothesis builds from the concept of A. Symmetric information B. Asymmetric information C. Confidential Information D. None of above 9. The pecking order hypothesis states that company usually proceed A. from internal funding to debt, and finally to equity. B. from debt to internal funding, and finally to equity C. from equity to debt and finally to internal funding D. without any preferred order 10. If the company employs 25% leverage in its capital structure, then it exposes its owners to financial risk. A. No B. Low C. Moderate D. Higher 11. Seasonal expansions in inventories and account receivables is called; A. Permanent Investment B. Temporary Investment C. Spontaneous Financing D. Temporary Financing 12. The the firm's use of current liabilities, other things being the same, the A. greater, greater B. lessor, lessor C. greater, lessor D. None of above