|Question 3. 3. Which of the following is true when a company has very little debt? (Points : 1)|
The expected costs of bankruptcy will be moderate.
The expected costs of bankruptcy will be about zero.
The risk of bankruptcy is still significant.
Managers will work very hard to avoid bankruptcy
|Question 8. 8. Sunk costs are best described as: (Points : 1)|
money that has been lost.
an expenditure that did not produce a profitable product.
an expenditure on a product that was later discontinued.
expenditures on a proposed project that cannot be recovered whether the project is implemented or not.