Choose the true statement about Josephson's Core Values Model for ethical decision-making. a.) Profitability is a core value that lies at the heart of the model. b.) The profitability of a company has no place in ethical decision-making. c.) Profitability is one consideration of the model, especially as it relates to stakeholders, but it is not the most important consideration. d.) Considering profitability ensures that the most ethical decision will be made.

Which of the following statements is correct? stockholders should generally be happier than bondholders to have managers invest in risky projects with high potential returns as opposed to safe projects with lower expected returns. potential conflicts between stockholders and bondholders are increased if a firm's bonds are convertible into its common stock. takeovers are most likely to be attempted if the target firm’s stock price is above its intrinsic value. one advantage of operating a business as a corporation is that stockholders can deduct their pro rata share of the taxes the firm pays, thereby eliminating the double taxation investors would face in a partnership.