The relationship between the value of the Brazilian and Chinese currencies is known as the ________
A) stock price
B) exchange rate
C) foreign-exchange market
D) purchasing power parity
B
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Your father-in-law's stockbroker examines future earnings and dividends, the expected level of interest rates, and the firm's risk to provide a basis for buy-sell recommendations. This stockbroker uses the ________ approach to stock valuation
A) financial statement analysis B) earnings analysis C) expectations method D) fundamental analysis E) none of the above
A limitation of ROI as a measure of performance is that
a. it is a single comprehensive figure examining only one facet of the firm. b. it provides an disincentive to use existing assets efficiently. c. it provides a disincentive to acquire new assets. d. it can be computed only after profits are totaled for a period. e. it does not provide the basis for common comparison.