1. Operating profit? (EBIT) is first used to pay dividends to a? company's stockholders. true or false

2. A? business's economic environment describes how a? business:

A.competes for critical resources.

B.creates a competitive advantage.

C.compares to similar companies in industry.

D.is affected by the overall economy.

3. The fixed asset turnover ratio measures a? company's ability to generate sales using all of its assets. Ture or False