Please select the primary reason why debt is cheaper than equity.

Click all forms of capital discussed in Chapters 11 & 12:

All of the following statements are valid about optimal capital structure EXCEPT:

DIRECTIONS (Repeated): Complete a FULL and complete room scan 360 degrees that also includes a clear view of the test taker’s workspace.  Please do this slowly and methodically.  Insufficient room scans are grounds for receiving a zero on this exam.   a FULL and complete view of the test taker’s monitor or laptop screen to demonstrate the area of clear of any notes or other assistive aids. This will require a mirror OR a cell phone that can clearly show to the camera that the screen/monitor is clear.  Please do this slowly and methodically.  An insufficient image of the test taker’s screen is grounds for receiving a zero on this exam. Face, hands (including fingertips), and work space must be visible at all times: If you are using a built in webcam, this will likely require the test taker to place the computer device 24-36″ (or further if necessary) from your hands and adjust the camera’s angle accordingly. Alternatively, use an external webcam positioned behind you or to the side at such an angle as to show your work space and hands.  Please verify that your hands and face are visible BEFORE beginning the exam. The only item in your work space should be the financial calculator. BEFORE YOU START THIS EXAM, MAKE SURE YOU HAVE COMPLETED EACH OF THESE STEPS. Failure to completely and successfully comply with ANY of these steps is grounds for receiving a zero on the exam. During this proctored exam the following are PROHIBITED: Cell phones or any other electronic device (other than the computer you are using to take this exam). Textbooks, notes or any other aids. Other people in the room. Talking, music or other background sounds. Navigating to another tab or window in your browser other than what is required for this exam. You MAY use the following: Financial calculator (BAII Plus or the TI83/84).  Cell phones are NOT permitted for any reason. Please note that you will receive a zero for this exam if any of the prohibited items are detected during the exam. You have a window of time in which to complete the exam, and the exam dates are set prior to the start of the course.  If you have a conflict with the exam dates/times, notify me immediately, but no later than the start of the window.  The “window” approach is designed to discourage sharing of information among students.  Note that occasionally exam scores may be scaled to a Bell Curve in which case, sharing of test information will only be to the detriment of the “sharer”. Make-up tests will only be given if special prior arrangement can be agreed upon with the instructor and then only at the instructor’s discretion.  Any make-up exam must take place on campus, likely in the instructor’s office.  If a make-up test cannot be arranged or taken, the instructor will assign a grade of zero for the missing grade.  The test score will be released to students immediately upon completing the exam, but the answers and explanations may not be available until AFTER the testing window closes. IMPORTANT: you are only permitted ONE login attempt (no exceptions) for tests.  Your time limit begins when you log in & it CANNOT be halted for any reason.  Exam time includes time spent to take webcam scans of your testing environment. Plan accordingly. If cheating is suspected, there will be serious consequences which may include an “F” for the entire course, and you may be subject to further discipline by the department of Academic Affairs. Need Technical Support? Contact Proctorio 24/7 by: Live Chat (click shield icon in Chrome) 1-866-948-9248

A major purpose of WACC is __________________________.

What hardware am I required to have as an online student (and to take this test)?  

I confirm that understand all of the Proctorio testing directions and that I am in compliance with all of the directions.  Specifically, I showed my device’s screen through either a mirror or my cell phone (which has now been powered off and put away) and my face, hands, and workspace are visible in the video screen and will remain visible at all times during the exam.

Tibetan monks practice Sky Burials and they involve placing a corpse on a mountaintop to be eaten by vultures and other scavenging birds.  David was in disbelief and somewhat overwhelmed when he witnessed this practice and it made him question whether death was better than life.  This represents a form of________.

All of the following are examples of material culture EXCEPT:

Final Question:  What is your current class standing? (all answers are correct) For Freshman = type 1  For Sophomore = type 2  For Junior = type 3  For Senior = type 4 ***Type nothing but the number   Answer = [answer]