Fama and French ["The Cross-Section of Expected Stock Returns," Journal

question 28

Multiple Choice

Fama and French ["The Cross-Section of Expected Stock Returns," Journal of Finance 1992] model the relative financial distress factor as ______.

• A) the book value of equity
• B) the market value of equity
• C) the difference in mean return between the smallest 10 percent of firms and the largest 10 percent of firms
• D) the difference in mean return between value and growth stock portfolios
• E) None of the above

Understand the concept and importance of continuous practice in entrepreneurial skills development.

Identify various types of entrepreneurship and the significance of family enterprises.

Recognize the broad impact of entrepreneurs on society.

Define entrepreneurship and appreciate its multifaceted nature.

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Definitions:

Ladder

A set of steps or rungs between two vertical bars, used for climbing up or down.

Shaping

A method of behavior modification that involves gradually training an organism to perform a specific behavior by reinforcing successive approximations of the target behavior.

Reinforce

To strengthen a behavior by providing a consequence that increases the likelihood of the behavior being repeated.

Lever

A simple machine consisting of a rigid bar that pivots on a fixed point, used to transfer force and change the direction of force.