Multiple Choice
Based on Warren Buffett's definition of owner earnings, what are the two types of investment?
A) Investment in value- creating growth opportunities beyond the current position
B) Investment to reduce the level of debt repayments
C) Investment in dividends to encourage future shareholders
D) Investment needed to permit the firm to continue to maintain its existing competitive position at the current level of output
Correct Answer:
Verified
Correct Answer:
Verified
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