1. The initial decision of what products and services to produce has a much ________ on the profitability of the firm when compared to the ________.

A) larger impact, financing decision

B) smaller impact, financing decision

C) larger impact, dividend decision

D) larger impact, investment decision

2. Bonds may be issued through either a ________ or a ________.

A) state agency; federal agency

B) public auction; private placement

C) private auction; federal auction

D) None of the above