Q6. Writing-off goodwill reduces pre-tax income and therefore tax expenses TRUE FALSE Q7. EPS or earnings per share is the ratio of the CEO's total earnings/compensation over the average number of shares outstanding TRUE FALSE 08. EBITDA is a reasonable proxy for Cash Flow from Operating Activities TRUE FALSE 09. A stock with a beta of 1.75 is more volatile than the stock market TRUE FALSE Q10. Fuel expenses for an airline is a good example of variable cost TRUE FALSE Q11. Liquid assets refer to inventories of beverages held in a company's cafeteria TRUE FALSE