111.
Degree of total leverage can be applied in measuring change in _________.

112.
Investors can normally afford to assume larger risks in the ____ phase of the life- cycle.

113.
The measure of business risk is __________.

114.
__________ is the most important investment decision because it determines the risk-return characteristics of the portfolio.

115.
The value of EBIT at which EPS is equal to zero is known as ____________.

116.
A model for optimizing the selection of securities is the ______ model.

117.
Degree of financial leverage is a measure of relationship between ___________.

118.
The Markowitz model identifies the efficient set of portfolios, which offers the ____________.

119.
Operating leverage examines.

120.
Which of the following is not normally one of the reasons for a change in an investor's circumstances?