Many jurisdictions consider which methods of measurement when a lost of a business is alleged to be caused by the wrongful act of another:

1. future lost profits and current lost revenues
2. current lost revenues only
3. current lost revenues and going concern value
4. going concern value and future lost profits

Treatment of the income stream differs in lost profits analysis versus business valuation analysis by:

1. in a lost profits analysis the income stream is treated before income taxes whereas a business valuation analysis views the income stream after tax
2. in a lost profits analysis the income stream is viewed for a finite period whereas a business valuation analysis views the income stream from one period into perpetuity
3. both a and b
4. neither a nor b

Research into industry or economic outlook in a lost profits analysis is:

1. not necessary
2. inconsequential to the analysis being done
3. inadmissible
4. very important

The most common starting point for a lost profits calculation is:

1. determining lost revenues
2. determining avoided costs
3. determining liability on the part of either party
4. assessing the viability of the lost profits claim

The "yardstick method" is closest to which valuation technique:

1. the income approach
2. the market approach
3. the asset approach
4. discounted cash flow analysis

The analytical technique most often used by economist for determining lost profits is:

1. the before and after method
2. the yardstick method
3. the sales projection method
4. the market model

In establishing revenues, which step is recommended after establishing a growth rate and quantities not sold:

1. projecting revenues
2. determining costs
3. reviewing and examining the price of products not sold
4. nothing: no further analysis is needed

Coastal Fuels of Puerto Rico v. Caribbean Petroleum Corp. and Montage v. Athle-Tech both clarified uses of which method of growth rate determination:

1. the before and after method
2. the yardstick method
3. the market model
4. the combination method

Which two court decisions were highlighted as an acceptance on the part of courts of the market model:

1. Coastal Fuels of Puerto Rico v. Caribbean Petroleum Corp. and Montage v. Athle-Tech
2. U.S. Salt, Inc. v. Broken Arrow, Inc. and Telxon Corp, v. Smart Media of Delaware, Inc.
3. Conwood Co. v. U.S. Tobacco Co. and Crystal Semiconductor Corp. v. Tritech Microelectronics International Inc.
4. Spring Winds Fashions Div., Inc. v. The Blind Maker, Inc. and Coastal Fuels of Puerto Rico v. Caribbean Petroleum Corp.

Which of the following factors should be considered when selecting calculation and analysis methodologies?

1. the location of the business
2. the location of sales for the business
3. the jurisdiction of the case
4. the jurisdiction in which the financial expert practices

Courts are increasingly looking to financial experts to serve which party:

1. the trier of fact
2. the attorney with whom the financial expert is working
3. the client who hired the financial expert
4. none of these

Lost profits calculations should include which of the following:

1. Lost revenues had the injury not occurred
2. Avoided fixed costs had the injury not occurred
3. Avoided variable costs had the injury not occurred
4. All of the above

In a situation in which there has been an immediate destruction of the business, which type of analysis should an expert look to perform:

1. lost profits
2. loss of value
3. lost revenues
4. none of these