The median household income in Louisiana is approximately $52,000 per year, while the median household income in Massachusetts is about $79,000. However, suppose the growth rate of per capita real GDP in Louisiana is higher than in Massachusetts (3% versus 2%).
1. From the perspective of trying to maximize your income per capita, which state will have higher increases in income over the next few years?
a. Massachusetts, because income is already higher.
b. Louisiana, because the lower-income means the cost of living is less.
c. Louisiana, because the growth rate is higher.
d. Massachusetts, because incomes are rising slower.
2. From the perspective of trying to maximize your income per capita, which state will have higher increases in income in the long run?
a. Massachusetts, because the growth rate is lower, so the cost of living is lower.
b. Louisiana, because the cost of living is lower.
c. Massachusetts, because incomes are higher now.
d. Louisiana, because the higher growth rate will lead to higher incomes in the long run.

Which of the following actions would be most likely to reduce potential conflicts of interest between stockholders and bondholders? a) compensating managers with stock options, b) financing risky projects with additional debt, c) the threat of hostile takeovers, d) the use of covenants in bond agreements that limit the firm's use of additional debt and constrain managers actions, e) abolishing the security and exchange commission

In december of 2004, the company you own entered into a 20-year contract with a grain supplier for daily deliveries of grain to its hot dog bun manufacturing facility. the contract called for "10,000 pounds of grain" to be delivered to the facility at the price of $100,000 per day. until february 2017, the supplier provided processed grain which could easily be used in your manufacturing process. however, no longer wanting to absorb the cost of having the grain processed, the supplier began delivering whole grain. the supplier is arguing that the contract does not specify the type of grain that would be supplied and that it has not breached the contract. your company is arguing that the supplier has an onsite processing plant and processed grain was implicit to the terms of the contract. over the remaining term of the contract, reshipping and having the grain processed would cost your company approximately $10,000,000, opposed to a cost of around $1,000,000 to the supplier. after speaking with in-house counsel, it was estimated that litigation would cost the company several million dollars and last for years. weighing the costs of litigation, along with possible ambiguity in the contract, what are three options you could take to resolve the dispute? which would be the best option for your business and why?

Which of these is not a result of regular exercise