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11. Which of the following is a correct statement?a. One of the tasks associated with managerial finance is the decision of when and how the firm should expand, whether the area of expansion is related to plant and equipment, existing product lines, the production of new product lines, or the purchase of a new information system to replace an obsolete system.b. As business becomes more global, U.S. companies will have a competitive advantage over their foreign counterparts because the regulatory environment in the United States is much less restrictive than in most other countries of the world.c. The purpose of much of the banking reform that took place in the 1930s was to expand the financial activities banks could undertake so that they could be more competitive internationally.d. it wasn't until the past couple of decades that the analytical tools we use today to evaluate investments were developed. Prior to the development of such tools, the concept that earnings and dividends are related to stock prices was unknown.e. All of the statements are correct.

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