Refer to the payoff table. What is the expected value under certainty? Assume P(S1 ) = 0.5 and P(S2 ) = 0.25

While seeking opportunities for profitable exporting, large firms generally tend to be:

A. passive. B. risk averse. C. wary. D. proactive. E. neutral.

The term ________ refers to a severe shortage of cash during which companies can't get enough cash to meet their operating needs

A) liquidity crisis B) cash drought C) asset crisis D) payment shock E) credit default