You are considering investing in Stock ABC. This stock has an expected return of 14%, the risk free rate is 5%, and the market risk premium (or Treynor Index) is 8%. What is the beta of Stock ABC?

There are many different market-perceived needs for products around the world. What is a luxury in one market will be standard in another. Cameras may be bought in the United States, Germany, Japan, and Africa. Consumers in all of these markets will have _______________ for the product; however, the primary function demanded stays the same, the expectation of excellent pictures.

Fill in the blank(s) with the appropriate word(s).

Which of the following is true about defensive portfolio strategies?

A) They are more growth oriented than offensive portfolio strategies. B) They aim to protect important strategic market positions. C) They are most commonly implemented in attractive markets by businesses with a weak competitive position. D) They are most commonly implemented in unattractive markets by businesses with a high competitive position index. E) They aim to reduce short-run cash flow and profit performance, to promote growth in the long-run.