Which one of the following is not a characteristic generally evaluated in ratio analysis?

The overall best solution in a nonlinear program is a

A) global optimum. B) local optimum. C) binary optimum. D) nonlinear optimum. E) goal optimum.

Your friend tells you that the Prudent Mutual Fund gives you more downside protection than buying an exchange traded fund (ETF) that mimics the market portfolio. What is he telling you about the fund's Beta?

A) ? < 1 B) ? > 1 C) ? = 1 D) ? = 0