Marketable securities An illiquid inventory, often in the various manufacturing stages A measure of the extent to which the returns on a given stock move with the stock market. The act of comparing the actual and expected results for a given capital budgeting project. A cashflow pattern with a large cash outflow at the beginning of a project's life; followed by 1 or 2 Cash inflows, and then has another cash outflow either at during or at end of the project's life. A firm's required rate of return to attract