Even the prepared person cannot take advantage of luck unless he or she ________

A) is highly intelligent
B) can take action when opportunity knocks
C) can convince others to join his or her effort
D) puts in 16-hour days

Answer: B
Explanation: Being smart, working hard, and being persuasive are often keys to success, but they are not necessary for taking advantage of luck. The willingness to take action when an opportunity arises is the key to taking advantage of luck because no amount of talent can make up for the ability to take the plunge and act when the time is right. These factors make "can take action when opportunity knocks" the correct response.

Business

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A. By increasing the amount employers pay for deductibles and coinsurance B. By selecting traditional health insurance over HMO and PPO as a preferred option C. By expanding the coverage for different types of claims D. By paying some or all of the difference in cost between an HMO or PPO plan E. By shifting from traditional health insurance plans to PPOs and CDHPs

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Devon Ltd. common shares sell at $40 a share and their estimated price-to-earnings ratio (P/E) is 32. If Devon borrows funds to repurchase shares at its after-tax cost of debt of 5%, its EPS is most likely to:

a. increase. b. decrease. c. remain the same.

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