FIN Chapters 13 & 14

_______ is one example of a variable cost?

When the returns on assets move in the same direction over time, it is called ______.

If the variance for Stock A is greater than the variance for Stock B, then the standard deviation for Stock A is _____.

Net Income is the term used to refer to _____.

_____ is another term that means "expected" or "forecasted."

The formula to calculate price/earnings ratio is _____.

_______ (also know as "market risk") is inherent in the macro economy and cannot be eliminated through diversification.

A _____ is any combination of financial assets or investments.

____ are ways to measure the variability (range of risk) in the historic returns of a stock in relation to its average.

Ratios used to evaluate a firm's performance over time are known as ______.

Ratios used to compare different firms at the same point in time are known as _______.

A market in which all prices reflect all knowledge, including past and current public and private information is a ____.

A market in which prices reflect all past market info, such as past prices, price trends, and trading volume is a _____.

A theory in finance that states the expected return of an asset depends upon its level of systematic risk is the _____.

Variations in operating income over time due to variations in sales, price-cost margin and/or fixed expenses is _____.

The form of business organization that does not have a basic weakness of raising capital is the _____.

The measure of an asset's systematic risk is known as _____.

An alternative commonly used by a corp's BOD to reduce agency problems as they relate to corporate control is _____.

Effect on revenues and expenses from variations in value of the US dollar compared to foreign currencies is called ___.

_______ risk can be diversified away as assets are added to a portfolio (aka "firm-" or "industry-specific" risk).