A property owner deprived by a zoning ordi- nance of the privileges enjoyed by owners of other property in the vicinity may apply for
a. a conditional use permit.
b. a variance.
c. a master plan exception.
d. a nonconforming use permit.
Answer: b. a variance.
Business
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A collection period equals _____
a. [(accounts receivable)/(net sales)] x 365 b. (accounts receivable)/(net sales) c. [(current assets)/net sales)] x 365 d. [(cash) + (accounts receivable)/(net sales)] x 365
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What does the shape of the volatility smile reveal about call options on a currency?
A. Options close-to-the-money have the lowest implied volatility B. Options deep-in-the-money have a relatively high implied volatility C. Options deep-out-of-the-money have a relatively high implied volatility D. All of the above
Business