[7] The essence of _______________ is determining whether a proposed investment or project will generate positive wealth for the owners of the firm once it is in place.

Group of answer choices

strategic asset allocation

capital structure analysis

cash flow analysis

payback analysis

working capital analysis

[18] Positive net present vaue projects _____________________________.

Group of answer choices

a contingency plan option

the option to default

the option to expand

the option to abandon

the option to wait

19] WHich of the following assets would most likely be considered the least liquid?

Group of answer choices

A share of common stock in IBM

A bond issued by Microsoft

A share of preferred stock in K-Mart Corp.

A Custer, South Dakota municipal bond

A U.S. Treasury bill