Given the background: Negative-splitting is a racing strategy that involves completing the second half of a race faster than the first half. The racer runs slow in the beginning, and gradually runs faster as the race progresses. This is typically seen as a conservative racing strategy, but in distance events, many world records have been run with a slight negative split.[7] and the situation: Michael and Robert, two high school sprinters, competed in the 800m sprint earlier today. Both were attempting to implement the negative split strategy, though with varying degrees of success. Both Michael and Robert competed the first 400m of the 800m sprint in 2 minutes, but Michael completed the last 400m in 1 minute and 30 seconds, while Robert completed the last 400m in 1 minute and 45 seconds. Answer the following question: Which athlete had a smaller negative split?
Ans: Robert

Given the background: The trade-off theory of capital structure is the idea that a company chooses how much debt finance and how much equity finance to use by balancing the costs and benefits. The classical version of the hypothesis goes back to Kraus and Litzenberger[1] who considered a balance between the dead-weight costs of bankruptcy and the tax saving benefits of debt. Often agency costs are also included in the balance. This theory is often set up as a competitor theory to the pecking order theory of capital structure. A review of the literature is provided by Frank and Goyal.[2] An important purpose of the theory is to explain the fact that corporations usually are financed partly with debt and partly with equity. It states that there is an advantage to financing with debt, the tax benefits of debt and there is a cost of financing with debt, the costs of financial distress including bankruptcy costs of debt and non-bankruptcy costs (e.g. staff leaving, suppliers demanding disadvantageous payment terms, bondholder/stockholder infighting, etc.). The marginal benefit of further increases in debt declines as debt increases, while the marginal cost increases, so that a firm that is optimizing its overall value will focus on this trade-off when choosing how much debt and equity to use for financing. and the situation: Bob is a financial analyst. He used to work for company A. Bob noticed that company A is mostly financed by debt. Recently, he changed job and now working as a financial analyst for another company, company B. Company B has completely different culture than company A. Company B is mostly financed by equity. Answer the following question: Would company B consider or ignore backruptcy costs?
Ans: ignore

Given the background: Figure B above shows an important relationship between the wavelength and frequency of a wave. The top wave clearly has a shorter wavelength than the second wave. However, if you picture yourself at a stationary point watching these waves pass by, more waves of the first kind would pass by in a given amount of time. Thus the frequency of the first waves is greater than that of the second waves. Wavelength and frequency are therefore inversely related. As the wavelength of a wave increases, its frequency decreases. The equation that relates the two is and the situation: Bill is working in a sound studio recording sound effects for a short film that he is working on. Some of the sounds he captured have a very high frequency and others are very low frequency. When he is done he begins to edit the sound with a computer program. Answer the following question: Do the low frequency sounds have a longer or shorter wavelength than the high frequency sounds?
Ans: longer

Given the background: At the end of the Proterozoic, the supercontinent Pannotia had broken apart into the smaller continents Laurentia, Baltica, Siberia and Gondwana. During periods when continents move apart, more oceanic crust is formed by volcanic activity. Because young volcanic crust is relatively hotter and less dense than old oceanic crust, the ocean floors rise during such periods. This causes the sea level to rise. Therefore, in the first half of the Paleozoic, large areas of the continents were below sea level.Early Paleozoic climates were warmer than today, but the end of the Ordovician saw a short ice age during which glaciers covered the south pole, where the huge continent Gondwana was situated. Traces of glaciation from this period are only found on former Gondwana. During the Late Ordovician ice age, a few mass extinctions took place, in which many brachiopods, trilobites, Bryozoa and corals disappeared. These marine species could probably not contend with the decreasing temperature of the sea water.The continents Laurentia and Baltica collided between 450 and 400 Ma, during the Caledonian Orogeny, to form Laurussia (also known as Euramerica). Traces of the mountain belt this collision caused can be found in Scandinavia, Scotland, and the northern Appalachians. In the Devonian period (416359 Ma) Gondwana and Siberia began to move towards Laurussia. The collision of Siberia with Laurussia caused the Uralian Orogeny, the collision of Gondwana with Laurussia is called the Variscan or Hercynian Orogeny in Europe or the Alleghenian Orogeny in North America. The latter phase took place during the Carboniferous period (359299 Ma) and resulted in the formation of the last supercontinent, Pangaea.By 180 Ma, Pangaea broke up into Laurasia and Gondwana. and the situation: Two space explorers are flying around through an unknown galaxy when they discover two new planets. Given that these planets have no names, the explorers decide to name them after themselves. The planet of Sarahn is currently going through a large geographic shift. Many of the continents on the planet are currently breaking apart and moving. Timon, however, has been a stable planet with no continental moving for quite awhile now. Answer the following question: Which planet has a higher sea level?
Ans: Sarahn