Which of the following statements are correct about a Budget? A. A budget is simply a written estimate of anticipated income and expenditure. B. A budget is the expression of an institute's plan in financial form for a period of time in the future. C. A budget is the account of historical expenditures recorded in a systematic way for a past period. D. A budget is a formal statement of management plans and policies for a given period. Choose the correct answer from the options given below:

Match List-I (Assumption/Feature) with List-II (Financial Model / Theory) and select the correct answer: List-I P. Investors are risk-averse. Q. The firm is an all-equity firm. R. Returns on a stock are linearly related to a set of systematic factors. S. Stock prices follow a lognormal distribution and asset returns are normally distributed. List-II 1. Arbitrage Pricing Theory 2. Black-Scholes Option Pricing Model 3. Capital Asset Pricing Model 4. Gordon's Dividend Growth Model

Degree of ________ is defined as the ratio of percentage change in Earnings Per Share (EPS) to the percentage change in Earnings Before Interest and Taxes (EBIT).