Bell Weather Goods has several proposed independent projects that have positive NPVs

Which one of the following is defined as the sales level that corresponds to a zero NPV?    A.  accounting break-even B.  leveraged break-even C.  marginal break-even D.  cash break-even E.  financial break-even Refer to section 11.4

12.	Operating leverage is the degree of dependence a firm places on its:    A.  variable costs. B.  fixed costs. C.  sales. D.  operating cash flows. E.  net working capital. Refer to section 11.5

13.	Which one of the following is the relationship between the percentage change in operating cash flow and the percentage change in quantity sold?    A.  degree of sensitivity B.  degree of operating leverage C.  accounting break-even D.  cash break-even E.  contribution margin Refer to section 11.5

14.

Bell Weather Goods has several proposed independent projects that have positive NPVs. However, the firm cannot initiate any of the projects due to a lack of financing. This situation is referred to as:    A.  financial rejection. B.  project rejection. C.  soft rationing. D.  marginal rationing. E.  capital rationing. Refer to section 11.6