The relevant measure of risk for a diversified portfolio of assets is the portfolio%u2019s level
of: Answer systematic risk unsystematic risk diversifiable risk company specific risk On the income statement net profit after tax is defined as: Answer operating profit minus operating expenses operating profit minus cost of goods sold operating profit minus interest operating profit minus interest minus taxes QUESTION 22 The current liabilities of a business may include: Answer notes payable accounts receivable prepaid expenses depreciation reserves Which of the following business organizations limit the liability of some or all of their owners
to the extent of their investment in the company? Answer proprietorships and partnerships corporations and proprietorships limited partnerships and proprietorships corporations and limited partnerships