The market value of the firm is the result of __________.
A). dividend decisions
B). working capital decisions
C). capital budgeting decisions
D). trade-off between cost and risk
The value of a derivative security _______.
A). depends on the value of the related primitive security
B). can only cause increased risk
C). is unrelated to the value of the related primitive security
D). is worthless today
Excess working capital results in ________.
A). Block of cash
B). Loosing interests
C). Lack of production
D). Lack of smooth flow of production
The last step in fundamental analysis is__________.
A). economic analysis
B). industry analysis
C). company analysis
D). technical analysis
The amount of current assets that varies with seasonal requirements is referred to as __________ working capital.
A). Permanent
B). Net
C). Temporary
D). Gross