Analysis Of The Holocaust Essays (1615 words) - The Holocaust

Analysis of the Holocaust Of all the examples of injustice against humanity in history, the Jewish Holocaust has to be one of the most prominent. In the period of 1933 to 1945, the Nazis waged a vicious war against Jews and other "lesser races". This war came to a head with the "Final Solution" in 1938. One of the end results of the Final Solution was the horrible concentration and death camps of Germany, Poland, and other parts of Nazi-controlled Europe. In the aftermath of the Holocaust, people around the world were shocked by final tallies of human losses, and the people responsible were punished for their inhuman acts. The Holocaust was a dark time in the history of the 20th century. One can trace the beginnings of the Holocaust as far back as 1933, when the Nazi party of Germany, lead by Adolf Hitler, came to power. Hitler's anti-Jew campaign began soon afterward, with the "Nuremberg Laws", which defined the meaning of being Jewish based on ancestry. These laws also forced segregation between Jews and the rest of the public. It was only a dim indication of what the future held for European Jews. Anti-Jewish aggression continued for years after the passing of the Nuremberg Laws. One of these was the "Aryanization" of Jewish property and business. Jews were progressively forced out of the economy of Germany, their assets turned over to the government and the German public. Other forms of degradation were pogroms, or organized demonstrations against Jews. The first, and most infamous, of these pogroms was Krystallnacht, or "The night of broken glass". This pogrom was prompted by the assassination of Ernst von Rath, a German diplomat, by Herschel Grymozpan in Paris on November 7th, 1938. Two days later, an act of retaliation was organized by Joseph Gobbels to attack Jews in Germany. On the nights of November 9th and 10th, over 7,000 Jewish businesses were destroyed, 175 synagogues demolished, nearly 100 Jews had been killed, and thousands more had been injured, all for the assassination of one official by a Jew ("Holocaust, the." Microsoft Encarta 96). In many ways, this was the first major act of violence to Jews made by the Nazis. Their intentions were now clear. The Nazi's plans for the Jews of Europe were outlined in the "Final Solution to the Jewish question" in 1938. In a meeting of some of Hitler's top officials, the idea of the complete annihilation of Jews in Europe was hatched. By the time the meeting was over, the Final Solution had been created. The plans included in the Final Solution included the deportation, exploitation, and eventual extermination of European Jews. In September 1939, Germany invaded western Poland. Most, if not all Jews in German-occupied lands were rounded up and taken to ghettos or concentration camps. The ghettos were located inside cities, and were a sort of city/prison to segregate Jews from the rest of the public. Conditions in the ghettos included overcrowding, lack of food, and lack of sanitation, as well as brutality by Nazi guards. Quality of life in a ghetto was probably not much above that in a concentration camp. In June 1941, Germany continued it's invasion of Europe by attacking and capturing some of the western U.S.S.R. By this time, most of the Jews in Europe now lived in lands controlled by Nazi Germany. The SS deployed 3000 death squads, or "Einstagruppen", to dispatch Jews in large numbers ("Holocaust, the." Microsoft Encarta 1996). In September 1941, all Jews were forced to wear yellow Stars of David on their arms or coats. A Jew could be killed with little repercussions for not displaying the Star of David in public. Some of the first Jewish resistance to the Final Solution came in 1943, when the process of deportation to concentration and death camps was in full swing. The Warsaw ghetto in Poland, once numbering over 365,000, had been reduced to only 65,000 by the continuing removal of Jews to camps in other lands ("Holocaust, the." Microsoft Encarta 1996). When the Nazis came to round up the remaining inhabitants of the ghetto, they were met with resistance from the small force of armed Jews. The revolt lasted for almost three weeks

Free Essays on Andrew Lloyd Webber

Andrew Lloyd Webber was born on March 22, 1948 to William and Jean Lloyd Webber. In 1951 his younger brother Julian was born. Even at a young age, Andrew loved to make his own music. Andrew also had a great interest in inspecting ancient monuments around England. It and history were what many thought he would choose to do for a career. However, his Aunt Vi introduced him to the theatre, and under her advice started writing music of his own. In 1956, Andrew went to Westminster and started composing music for the school's plays. In 1962, Andrew won a Challenge Scholarship that reduced his tuition at Westminster. Andrew won another scholarship in 1964 to transfer to Oxford. Time Rice and Andrew met in 1965 and consequently, Andrew dropped out of Oxford to pursue music with Tim. The first musical, The Likes of Us, was a failure, but soon afterwards Joseph was created. The first showing was at Colet Court in 1968. Jesus Christ Superstar came next. In 1971, Andrew married Sarah Jane Hugill . Andrew and Alan Ayckbourn, in 1975, started work on a new musical, Jeeves. Jeeves was not a success and Andrew went back to Tim. Together they wrote Evita in late 1975. The next musical, Cats, paired Andrew with the deceased poet T.S. Eliot and producer, Cameron Mackintosh. It was an incredible hit and beat A Chorus Line for longest running musical and highest grossing musical. Cats made Andrew rich and famous and ready to start a musical about trains. Starlight Express was created in 1984, the most expensive musical created up to that point. The same year, Andrew divorced Sarah Hugill and married Sarah Brightman. Andrew's next work was Requiem. It isn't a musical, but serious music for a Mass. Sarah Brightman sang the female soprano part. Andrew's next work, Phantom of the Opera also included Sarah. One of Andrew's most famous works, Phantom was created in 1986. Aspects of Love, Andrew's next venture, opened in 1989. Its intimate setting and songs were cr... Free Essays on Andrew Lloyd Webber Free Essays on Andrew Lloyd Webber Andrew Lloyd Webber was born on March 22, 1948 to William and Jean Lloyd Webber. In 1951 his younger brother Julian was born. Even at a young age, Andrew loved to make his own music. Andrew also had a great interest in inspecting ancient monuments around England. It and history were what many thought he would choose to do for a career. However, his Aunt Vi introduced him to the theatre, and under her advice started writing music of his own. In 1956, Andrew went to Westminster and started composing music for the school's plays. In 1962, Andrew won a Challenge Scholarship that reduced his tuition at Westminster. Andrew won another scholarship in 1964 to transfer to Oxford. Time Rice and Andrew met in 1965 and consequently, Andrew dropped out of Oxford to pursue music with Tim. The first musical, The Likes of Us, was a failure, but soon afterwards Joseph was created. The first showing was at Colet Court in 1968. Jesus Christ Superstar came next. In 1971, Andrew married Sarah Jane Hugill . Andrew and Alan Ayckbourn, in 1975, started work on a new musical, Jeeves. Jeeves was not a success and Andrew went back to Tim. Together they wrote Evita in late 1975. The next musical, Cats, paired Andrew with the deceased poet T.S. Eliot and producer, Cameron Mackintosh. It was an incredible hit and beat A Chorus Line for longest running musical and highest grossing musical. Cats made Andrew rich and famous and ready to start a musical about trains. Starlight Express was created in 1984, the most expensive musical created up to that point. The same year, Andrew divorced Sarah Hugill and married Sarah Brightman. Andrew's next work was Requiem. It isn't a musical, but serious music for a Mass. Sarah Brightman sang the female soprano part. Andrew's next work, Phantom of the Opera also included Sarah. One of Andrew's most famous works, Phantom was created in 1986. Aspects of Love, Andrew's next venture, opened in 1989. Its intimate setting and songs were cr...

Business Analysis Essay Example | Topics and Well Written Essays - 1000 words

Business Analysis - Essay Example The cash flow for a particular period reflects the flow of cash in future for that period. But due to a loss in the time value of money, the present value of the cash flow is actually less than the actual value. To have a realistic view of the cash flows the actual values need to be converted into what are called as the Present Values. The factor by which the actual value is multiplied to calculate the present value is called the Discount Factor. Discount factor lies between 0 and 1. It is determined by the rate of return on capital during a given period and can be calculated using compounding (Johnson, Derek). Using the net present value approach, it can be found out that the net cash flows are positive in all quarters and the initial investment is also recovered within a quarter. The Net present value is hence positive and comes out as  £5,030,687. The NPV (Net Present value) calculations can be done using an excel spread sheet. An extract of the same is shown in Figure 2.1. Thus, it can be concluded from this that, the boutique must go with the development plan. There are several key factors that can affect the cash flows. One of them is the Build-up factor. If the build-up factor becomes negative i.e. there is a decrease in income in the following quarters due to some reason, the NPV decreases. The NPV turns negative at -57% build-up factor for each quarter as shown in Figure 3.1. This is where the decision gets reversed. This could happen in case of adverse external circumstances. The second factor which can affect cash flow is Cost of Sales. If due to an increase in raw material costs or due to some other factors, Cost of Sales rise as much as 89% of the sales, the NPV becomes negative and the decision has to be reversed. This is shown in Figure 3.2. Thirdly, the increase in rent can have an impact on net cash flows especially in wake of continuously rising real estate prices. If the rent increases to  £1427 per sq. m.,

Ready to Die Essay Example | Topics and Well Written Essays - 500 words

Ready to Die - Essay Example I believe it is crucial for the living to use part of their health time and energy in preparing for death. There are various ways to prepare for death as exemplified by Nicholson and Freeman in the movie ‘Bucket List’ (Knox, 2007). One of the ways to prepare for oneself death is thinking about it. We should have brief moments possibly in a day and reflect on what can happen if death occurs. I do not mean we dwell on death but to appreciate the reality about it and live fully while knowing it will happen. People can embrace life after realizing they have limited time in the world. Nicholson and Freeman opted to enjoy life after accepting that the death is a reality. They believed that it was awaiting them, and as a result, stopped staying in the hospital beds with agony. I also think we should make a ‘bucket list’ as one way of preparing for our death. ‘Bucket list’ involves having a list of things we want to do, life experiences we want to achieve, and places we want to go. Nicholson and Freeman realized this very late; they had a long ‘bucket list’ despite having much wealth and less time (Knox, 2007). As evidenced by Nicholas and Freeman, we do not carry with us material possession and hence we should utilize the resources we have in meeting our objectives. We should not allow death to scare and bar us from enjoying life, instead, we are supposed to use it as a wake-up call to maximize our limited time in the world. In addition, people should write their last statement and will instead of fearing to think about death that may result from our cultural beliefs. The last statement and will are used to designate what will happen to our properties and guardianship of our children. Many properties get lost when one dies without leaving a documented will. Lack of a documented will may also lead to occurrence of conflicts among the left relatives. For

Initial Public Offerings Essay Example for Free

Initial Public Offerings Essay Primary private companies, who desires to go public or in other words decides to be listed in the different stock markets to raise capital, must first undergo a process called Initial Public Offering or IPO (Investopedia, 2008). This method has been widely popular and it goes to say it has its own shares of controversies as well. Especially from what was experienced during the 1990s on the dotcom crash, in which a lot of investors bought Initial stocks from companies even without a track record of operations and a feasible plan for profit (same as Investopedia, 2008). Now another Online firm plans to go public, it is the popular program Skype whose main features are online video and audio call conferencing. This could be a good idea, from a sales standpoint since Skype has been earning revenues for its parent company Ebay even before the latter has decided to treat it as a stand-alone company due to its limited synergies with Ebay’s core activities which basically are Online commerce auction site and Paypal Online payments system   (Stone, 2009).But if Skype will really go public, it could most probably used the same online method applied by former online firms: Google and Morning star which is the online auction approach. This essay will attempt to justify the consideration of Skype to go public. It will also analyze what particular type of Initial Public Offering (IPO) it may apply. We will also go in detail to assess what type of investors that Skype would most possibly attract. This study will also provide background on the lessons learned from previous online industries who went Public and used the auction approach as its method for IPO.As part of the types of methods for IPO offering, we will finally discuss potential costs and risks of each to have a better understand which method would be appropriate for a specific firm like Skpe. Skype going Public Ebay’s President and CEO could be right by the decision of treating Skype as a subsidiary company due to its function and future revenue potential if provided with the right amount of capital to work with. Skype historically, has been a consistent top performer in terms of revenue generation since its early inception. From 2007, Skype posted a significant increase of 44% to a tune of   $551 million, and segment market margins is at 21% which is also another big leap of 47% from 2007, and the projection of a total revenue for 2011 for $1 Billion dollars is not far fetch(ebay Inc., 2009), since the growth rate of Skype on its recent   quarterly performance have been anything but slow. Just last October 2009 data Skype again has increased by another 41% in total registered users, which is in the $521 Million mark and growing, Its posted growth of 29% in revenues amounting to another $181 million dollars also confirms its status as a force to be reckon with on the Voice Over Internet Protocol (VoiP) industry (Schonfeld, 2009). Direct competitors of Skype are Vonage and Net2phone although stable does not have the growth potential and massive customer base that Skype enjoys. Skype has just also been sold recently by ebay to some private investors, and group led by Silver Lake partners, ebay sold 70% of its stake on Skype (Wauters, 2009).Which shows continued interest of the potential profit generation of this software. Skype is also considered as number ten on the Top ten potential IPO candidates by TechCrunch.com, given the rapid pace of Skype growth (Schonfeld, 2009). Traditional or Online Auction Method for Skype’s IPO? Skype may opt to apply the auction method, to have a lot of potential investors instead of limiting the opportunity to buy shares to a few large investing institutions, which possibly may not desire a new online firm. Google used the same method, which is called the Dutch auction method in serving its IPO to the public, with a lot of potential risks in this kind of method Google still managed to pull it off successfully (Edmonston, 2009). What type of Investors would go for Skype Small and young investors may go for this firm if it went public, this group usually knows the boundless potential of the internet, and has some basic knowledge on the types of revenues tech stocks can produce. The emerging trend of young internet whiz kids, who have made fortunes using the net, may as well be the same characteristics of investors for Skype. Conventional Investors, still requires a fundamentally sound metrics from a company that has a above average track records and has produced mostly tangible goods which some have been a staple of a society. Lessons Learned from Online Auction Approach Bothe Morningstar.com and Google used the same method for its Initial Public Offering, for the purpose of taking the controlling power away from the underwriters and to provide opportunities to invest for those who really believe and acknowledge a company’s potential.   Both have been relatively smooth and successful. For Morningstar on its IPO last 2005 even when price analysts predicted that price of stock may be on the amount of lowest range projected of $16 to $19, the demand was really strong as it ended up on the marked price of $18.50 for the mutual fund and stock analysts’ online firm (Munarriz, 2005). Google however probably was overwhelmed by pressures of controversies induced by market analysts, financial scholars, other online competition   and even the Securities and Exchange Commission, has decided for a last minute reduction of its target share price (Sorkin, 2009). Online companies often face criticisms such as being overvalued or overhyped. Especially after the dotcom event, doubt of investors on whether they could really pull through some revenues and maximize shareholders’ equity is prevalent. Both Morningstar and Google have experienced those biases but took it in stride and have been relatively stable in the marketplace, despite contradictions. Cost and Risks of each IPOs According to a famous article by the Wall Street Journal regarding methods of IPOs, â€Å"Wall Street bankers compare auction IPOs with selling fine art on eBay instead of at Sothebys. The big Wall Street firms have good reason to defend the traditional model. Known as book building, it entails gauging the interest of hedge funds and mutual funds in an offering† (2005, p.2). This conventional model with its current fees of 7% of capital allows Wall Street companies to sell its IPO stock at discounted prices to their best customers, which could benefit them by taking profits if the IPO increased even on its first day of trading (Wall Street Journal, 2005 p.2). Underwriters for this traditional approach receive a percentage of the IPO sale as commission, in addition to other fees or underwriting proceeds charged to underwrite the IPO. Such examples of those fees according to Kamlet Rini (1995)are: †¢ Managers Fee Goes to the managing underwriter for negotiating and managing the offering. Amount:10% 20% of the spread (meaning the spread between the Public offering price or POP and the underwriting proceeds). †¢ Underwriting Fee Goes to the managing underwriter and syndicate members for assuming the risk of buying the securities from the issuing corporation. Amount: 20% 30% of the spread †¢ Selling Concession Goes to the managing underwriter, the syndicate members, and to selling group members for placing the securities with investors. Amount: 50% 60% of the spread These fees, almost selected investors and a potential of losing more capital by an increase in value on share price, especially when first day trading price of IPO rise for the company, has been the somehow the risks a company going public undergoes when applying this method. As for the Auction Method, in which the firm sets a price of the share well above what any investor is expected to bid, and then reduces the price incrementally when an investor actually bids, has a relatively lower amount of fees. Risks involved according to some analysts is that IPOs   develop pricing patterns similar to those exhibited by IPOs during the dot.com era, and whether it would really provide more efficient pricing (Hensel, 2005). Risk of this mispricing can occur to lack of information on the part of the small investor, especially if the information issued could be implicit somehow to the small investor. Conclusion This study has discussed the strong possibility of Skype, joining the ranks of two famous Web companies such as Google and Morningstar, on going public. Skype have a rapid pace for growth based on its quarterly revenues and growing registered users. The best method for Skype to serve its Initial Public Offering is through an Online Auction, which again worked smoothly for both of the companies stated earlier. Each IPO type has its own costs and risks. For traditional IPOs, banking on their solid foundation of book building, it has its drawbacks of high fees and profits for companies who went public especially if the share prices do well on the first trading day. For Online auction, although has relatively low fees compared to the traditional method, has also the risk of running into similar pricing patterns which has links with the dotcom mania that occurred not too long ago. But for recommendation for Skype, the auction approach still works best, first to minimize cost on fees and a large possibility of fetching true market value stock price provided by potential strong demand due to Skype’s already significant business value.

Queen Sondok Essays -- Korean History

Queen Sondok Queen Sondok was the first woman to become a queen in the Korean Silla kingdom in 632 A.D. Queen Ma-ya, Sondok's mother, did not bear any sons to become king, so King Chinpyong sent her to a convent in the mountains to become a nun. This brought a great deal of sadness to Sondok, she said, "The monastery has swallowed everyone I love." (7) After Queen Ma-ya was gone, King Chinpyong, who had reigned for fifty years, remarried a woman who also could not bear him a son (7). Since Sondok was the eldest daughter, Sondok became queen after the king died. She became the most famous queen of a Korean state. Queen Sondok was born in Korea in 610 A.C.E. She ruled for fourteen years, holding the realm together against external and internal threats. During this period, women already had a certain degree of influence as advisers, queen dowagers, and regents. Throughout the kingdom, women were heads of families since matrilineal lines of descent existed alongside patrilineal lines. The Confucian model, which placed women in a subordinate position within the family, was not to have a major impact in Korea until the fifteenth century and most of people throughout the kingdom believed in Buddhism, Daoism, and Shamanism (6). During the Silla kingdom, women's status remained relatively high. Early in her life Sondok had displayed an unusually quick mind. For example, when she was seven, her father received a gift from the Emperor of China. It was a beautiful painting of peonies, accompanied by a box of the flower's seeds. Sonduk commented that the flower was beautiful, but it was a pity, because it had no sweet perfume. Her father, brow knit in confusion, asked her how she could know that, since she had never se... ... (http://www.womeninworldhistory.com/heroine7.html) 2. Still More Women Rulers 3. Women of Royalty - Sondok, Queen of Silla (http://royalwomen.tripod.com/womenofroyalty/id17.html) 4. Muses – The Graces—Graeco-Roman (http://www.geocities.com/Wellesley/1582/muses.html) 5. Lee, Ki-baik -1984 ANew History of Korea Translated by Edward W.Wbner. Harvard University Press, London. (http://ko-m.hp.infoseek.co.jp/Miruk.htm) 6. Famous Koreans – Six Portraits by Mary Connor. Education about Asia, volume 6, number 2, Fall 2001. (http://www.aasianst.org/EAA/connor.htm) 7. Sondok: Princess of the Moon and Stars, Korea, A.D. 595 (The Royal Diaries) by Sheri Holman 8. The Influence of China on the Three Kingdoms and Unified Silla (http:// www.marymount.k12.ny.us/marynet/TeacherResources/SILK% 20Road/html/sillatang.htm)

Pecking Order Theory

Brigham Concise 4th Edition Chapter 1: An Overview of Financial Management 1. Which of the following are among the three main areas of finance? a. financial institutions b. investments c. financial management d. all of the above are correct e. none of the above are correct d. Correct. 2. The globalization of business and the increased use of information technology are the two key trends in financial management today. a. True b. False a. True 3. Which of the following could explain why a business might choose to organize as a corporation rather than as a sole proprietorship or a partnership? a. Corporations generally face fewer regulations. . Corporations generally face lower taxes. c. Corporations generally find it easier to raise capital. d. Corporations enjoy unlimited liability. e. All of the above statements are correct. c. Correct. 4. A partnership is subject to the same taxation as corporations. a. True b. False b. False 5. One main disadvantage of partnerships is the requireme nt of a charter and set of bylaws. a. True b. False b. False 6. One disadvantage of the sole proprietorship form of organization is that there is: a. unlimited liability. b. double taxation c. more regulations than for corporations d. easy transferability of ownership interest . all of the above are correct. a. Correct 7. A corporate charter should include which of the following: a. name of the proposed corporation b. type of activities it will pursue c. amount of capital stock d. number of directors e. names and addresses of directors f. all of the above f. Correct. 8. One reason that the value of most businesses is maximized if they are organized as a corporation is that: a. corporations face unlimited liability. b. it is easier to transfer ownership of a corporation (corporations are more liquid assets). c. corporations have a more difficult time raising capital than sole proprietorships. d.All of the above b. Correct 9. Which of the following represents a significant disadvantag e to the corporate form of organization? a. Difficulty in transferring ownership. b. Exposure to taxation of corporate earnings and stockholder dividend income. c. Degree of liability to which corporate owners and managers are exposed. d. Difficulty corporations face in obtaining large amounts of capital in financial markets. b. Correct 10. The chief financial officer (CFO) is usually the highest ranking officer in a corporation. a. True b. False b. False 11. The activities of the financial staff include: a. forecasting and planning. b. ajor investment and financing decisions. c. dealing with financial markets. d. risk management. e. all of the above. e. Correct. 12. The financial vice-president’s key subordinates are the president and the chief executive officer. a. True. b. False b. FAlse. 13. In most firms the treasurer has the responsibility for managing the firm’s cash and marketable securities, for planning its capital structure, for selling stocks and bonds to r aise capital, for overseeing the corporate pension plan, and for managing risk. a. True b. False a. True 14. The primary goal of a publicly-owned firm interested in serving its stockholders should be to: a.Maximize expected total corporate profit. b. Maximize expected EPS. c. Minimize the chances of losses. d. Maximize the stock price per share. e. Maximize expected net income. d. Correct 15. Managers that depart from the goal of shareholder wealth maximization run the risk of being removed from their jobs. a. True b. False a. True. 16. Most actions that help a firm increase the price of its stock also benefit society at large. a. True b. False a. True. 17. The primary contribution of finance to total social welfare is its: a. Function as a productive resource. b. Contribution to the efficient allocation and use of resources. c.Role as an exogenous variable. d. Positive impact on the externalities of â€Å"other variables. † e. Contribution to environmental protection. b. Cor rect 18. Most firms today have in place strong codes of ethical behavior, yet there are no obvious answers for many of the ethical questions facing many companies. a. True b. False a. True. 19. Socially responsible actions that increase costs may have to be put on a mandatory basis. a. True b. False a. True. 20. An agency relationship arises whenever one or more individuals hire another individual or organization to perform some service and delegate decision-making authority to that agent. . True b. False. a. True. 21. In financial management the primary agency relationships are those between: a. stockholders and managers b. managers and debtholders c. managers with similar levels of authority within the firm d. a and b e. a, b, and c d. Correct 22. Which of the following work to reduce agency conflicts between stockholders and bondholders? a. Including restrictive covenants in the company’s bond contract. b. Providing managers with a large number of stock options. c. The pas sage of laws that make it easier for companies to resist hostile takeovers. d.All of the statements above are correct. a. Correct 23. Which of the following actions are likely to reduce agency conflicts between stockholders and managers? a. Paying managers a large fixed salary. b. Increasing the threat of corporate takeover. c. Placing restrictive covenants in debt agreements. d. All of the statements above are correct. b. Correct 24. The managers should always undertake actions that result in a transfer of wealth from bondholders to stockholders. a. True b. False b. False. 25. Which of the following factors tend to encourage management to pursue stock price maximization as a goal? . Shareholders link management’s compensation to company performance. b. Managers’ reactions to the threat of firing and hostile takeovers. c. Statements a and b are both correct. c. Correct. 26. Mechanisms used to motivate managers to act in shareholders’ best interests include: a. m anagerial compensation b. direct intervention by shareholders c. the threat of firing d. the threat of takeovers e. all of the above e. Correct. 27. Creditors lend funds at rates that are based on: a. riskiness of the firm’s existing assets b. expectations concerning the riskiness of future asset additions c. he firm’s existing capital structure d. expectations concerning future capital structure decisions e. all of the above e. Correct. 28. The dividend policy decision is the way the firm is funded (e. g. , the mix of debt and equity used). a. True Incorrect. The dividend policy decision is the choice of how much of earnings to pay out as dividends and how much to retain to reinvest in the firm. b. False b. False. 29. Managerial actions are the only determinant of a firm’s stock value. a. True False. b. False. 30. If the firm maximizes EPS, it will maximize stockholder wealth. a. True b. False b. False.