If you were to log onto and click on "foreign trade," then click on "statistics," and finally on "state export data," you will find a list of the products produced in your state, which are exported around the world. you discover that ohio exports more to canada and mexico than all other countries combined. is this fact surprising? a. yes, because nafta is widely regarded as a failure, you wouldn't expect the countries in the agreement to trade much with each other. b. no, canada is so close to ohio that transportation costs must be very low. c. no, because of nafta, you would expect the export of goods to canada and mexico to be substantial. d. yes, ohio's exports should be as diverse as that state's economy.

Which of the following actions would be most likely to reduce potential conflicts of interest between stockholders and managers? a. change the corporation's formal documents to make it easier for outside investors to acquire a controlling interest in the firm through a hostile takeover. b. eliminate a requirement that members of the board of directors must hold a high percentage of their personal wealth in the firm's stock. c. for a firm that compensates managers with stock options, reduce the time before options are vested, i.e., the time before options can be exercised and the shares that are received can be sold. d. pay managers large cash salaries and give them no stock options. e. beef up the restrictive covenants in the firm's debt agreements.