Which of the following is true about risk and return?

Question 11 options:

	In general, the higher the risk the higher the expected return.
	Based on historical data, there is no reward for bearing risk.
	The reward for bearing risk is known as the standard deviation.
	An increase in the risk of an investment will result in a decreased risk premium.
	Riskier assets will, on average, earn lower returns.

Total cash flow from a project is defined as:

Question 15 options:

	Operating cash flow plus depreciation minus capital spending.
	Earnings before interest and taxes plus taxes minus depreciation.
	Operating cash flow minus the change in net working capital plus capital spending.
	Operating cash flow minus capital spending minus the change in net working capital.
	Earnings before interest and taxes minus taxes plus depreciation.

Operating cash flow is defined as:

Question 22 options:

	Sales minus costs minus depreciation plus taxes.
	Sales minus variable costs minus fixed costs minus depreciation minus taxes.
	The change in net working capital plus depreciation minus taxes.
	Earnings before interest and taxes minus depreciation plus taxes.
	Earnings before interest and taxes plus depreciation minus taxes.