1. The internal rate of return is the ______ that would be required in order to generate an NPV of zero.

   	a.	Discount rate
   	b.	None of these
   	c.	Discounted cash flow
   	d.	Profitability index
   	e.	Amount of money

2. When is a company required to test for impairment (according to ASC 360-10-35)?

   	a.	When events or circumstances indicate that the asset's carrying value may not be recoverable.
   	b.	When events or circumstances indicate that the asset's carrying value is lower than the ceiling limit.
   	c.	None of these.
   	d.	Annually
   	e.	Quarterly

3. The full cost ceiling test is applied on a _________________.

   	a.	a well-by-well basis
   	b.	a country-by-country basis
   	c.	a cash-generating unit basis
   	d.	a field-by-field