13. What does the term terminal value refer to?

• The value of the asset or business in bankruptcy.
• The value of the asset or business at the end of the model period.
• The value of the asset or business at the start of the modeling period.
• The value of the asset or business when it is sold.

14. You are an investor looking at a number of companies regarding their risk. In which model will you create a set of hypothetical outcomes that include the possible range of outcomes?

• the DCF Model analysis
• the Buyout Model analysis
• the Three-Statement Models analysis
• the Monte Carlo analysis

15. Which of the following is a technical error that occurs in a financial model when data point A is based on datapoint B based on datapoint C which is based on datapoint A

• Loop Reasoning
• Circular Reference
• Circular Reasoning
• Loop Reference