INSTRUCTIONS # 1 – 7: Select the correct translation for each statement. 1. Hertz runs a sale or both Avis buys new cars and Budget lowers rates.

In the proposition, the main operator is a:

If National’s improving efficiency implies that Enterprise reorganizes, then Avis buys new cars.

Which of these best describes a liquidation preference on preferred stock?

The conversion ratio of preferred stock describes:

A participation right in a term sheet allows the investor to:

The section of a term sheet that deals with changes in price if the company raises money at a lower valuation later is:

Which option best describes an inference?

Which revision uses more precise vocabulary?

Which statement best describes the relationship between claim and evidence?