Ray, a marketer at a global firm, monitors the exchange rate of countries in which the firm sells its products. Ray is most likely concerned about changes in ________

Evaluating the performance of a mutual fund involves which of the following activities?

I. Determining its rate of return II. Calculating its net asset value III. Examining its turnover ratio IV. Examining its administrative expenses A) I and II B) I, III, and IV C) II, III, and IV D) All four

Which of the following is an unsophisticated capital budgeting technique?

A) internal rate of return B) payback period C) profitability index D) net present value