Potential conflicts of interest
What potential conflicts of interest could arise in a management buyout in which the investment bank is also likely to be an investor?
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is the most notable characteristic of Jim Smiley, gullibility?
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To open a new business, a manager must obtain a license from the city for $20,000. The license is transferable, but only $3,000 is refundable in the event the firm does not use the license. What are the firm's fixed costs? Sunk costs?
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