Question 1 0.5 pts 1. Operating expenses are a function of: O Design(s) of the value propositions, processes used to produce the value proposition(s), and the skill level and processes for spending money to operate the company Design(s) of the value propositions, the skill level and processes for spending money to operate the company, and the loan term bond yield + the equity risk premium + risks specific to the company O The cost of equity and the cost of debt The interest rates on debt and the amount of debt D Question 2 0.5 pts 2. Which of the following is most closely associated with margin as a %? The proportion of debt and equity in the company's capital structure The processes used to produce the company's value proposition(s) The average operating assets of the company Sales revenue Question 3 0.5 pts 3. Which of the following is most closely associated with asset utilization? Operating assets The cost of equity Average operating assets Expenses