All of the following are issues that NFP managers must manage, EXCEPT:

The executive team at Midas Muffler and Brake decides to publish a statement of its available cash that subtracts from the cash, the planned investments in new shops and new technology. The statement can best be labeled a measure of

a. pro-forma earnings b. free cash flow. c. EBITDA (earnings before interest, taxes, depreciation, and amortization. d. EVA (economic value added)

Which risk item below is not related to changing economic conditions?

A) Financial risk B) Business cycle risk C) Inflation risk D) Interest-rate risk