problem1: Currency exchange rates tend to vary inversely with their _____.
[A] interest rates
[B] economic power
[C] cross rate
[D] purchasing power
problem2: Combined leverage is the % change in relationship between sales and _____.
[A] earnings per share
[B] breakeven point
[C] operating income
[D] operating leverage
problem3: If you win the lottery and you choose to have your proceeds distributed to you over a 20 year time period, which calculation would you use to compute the worth of those proceeds to you today?
[A] present value of a lump sum
[B] present value of an annuity
[C] future value of a lump sum
[D] future value of an annuity
problem4: Which of the following kinds of mergers lead to diversification benefits?
[B] None of the above