Tobin's Q Is Defined as the Ratio Of

question 1

Multiple Choice

Tobin's q is defined as the ratio of:

• A)the historical value of the firm?s assets to the replacement value of the assets.
• B)the market value of the firm?s assets to the replacement value of the assets.
• C)the operating cash flow of the firm to the market value of the assets.
• D)the operating cash flow of the firm to the total equity of the firm.

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Definitions:

Positron Emission Tomography

A nuclear medicine functional imaging technique that produces a three-dimensional image of functional processes in the body.

Cingulectomy

A neurosurgical procedure that involves removing or disconnecting parts of the cingulate gyrus to treat certain psychiatric disorders.

Psychosurgery

Surgical procedures on the brain intended to relieve or control severe or violent psychological disorders.

Hemispheres

Half of the spherical brain, divided into the right and left hemispheres, each controlling specific functions and activities.