TB TF Qu. 12 (Static) Ethics is defined as maximizing... Ethics is defined as maximizing personal wealth, regardless the cost. True or False True False
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- Common property (or common access property) a. Is owned by specific people. b. Is inexhaustible. c. Refers strictly to land resources. Refers to goods “owned” by society at large and freely usable by anyone. Risk aversion is best explained by a. Timidity b. Increasing marginal utility of income c. Constant marginal utility of income Decreasing marginal utility of income A Risk Lover prefers the expected utility of wealth to the utility of the expected value of wealth. a. TRUE. It is because a risk lover has a convex utility function b. FALSE. It is because a risk lover has a concave utility functionThe DPBP is ideal as a stand-alone measure of economic worth. True or False?1. Investments: A. Are the same as savings B. Should be a priority when receiving a paycheck C. Both Are the same as savings and Should be a priority when receiving a paycheck D. None of these 2. An example of a personal asset is a: A. Job B. Paycheck C. Car D. All of these E. None of these
- _______ is a measure of risk while _______ is a measure of risk and liquidity. NPV; IRR IRR; NPV PI; payback Payback; PIIdentify the root of the value maximization principle: O a. Accounting O b. Statistics O c. Economics O d. Finance17 The majority of financial instruments are valued using: Group of answer choices fair value estimates. cost. lower of cost or market. realizable value.
- Which one of the following is an internal characteristic that can affect the value of an investment? O a. Political events. O b. Taxation policy. Oc Capital structure. O d. Inflation. (Chapter.2) ot dunrQ.Enumerate Three reasons as to why expected utility of wealth might be equally good or even a better measure than expected wealth in evaluating investment opportunities.Why can we not invest net income? Explain with an example?
