Hassan is a strong advocate of self-empowerment and efficiency. When buying and selling securities, he wants to avoid the "middleman" and conduct transactions himself. Where can he do this?
A) New York Stock Exchange
B) electronic communications networks
C) over-the-counter market
D) NASDAQ
E) American Stock Exchange
Answer: B
Explanation: B) Electronic communications networks (ECNs) directly link sellers and buyers of securities, allowing individual investors to easily engage in trading.
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For several years, Bosco Corporation has had a current ratio that was consistent with other companies in its industry. For the most recent year, Bosco's current ratio was significantly higher than that for the industry. What is the best possible explanation for this situation?
a. The other companies in the industry were not as profitable. b. Bosco's liquidity has improved or is not leveraging financial resources effectively. c. Bosco has less property, plant and equipment than other companies. d. Bosco has too much debt.
Section 2 of the Sherman Act was basically designed to attack three kinds of anticompetitive behavior: tie-in (or tying) contracts, exclusive dealing contracts, and requirements contracts.
Answer the following statement true (T) or false (F)
Nicole holds three stocks in her portfolio: A, B, and C. The portfolio beta is 1.40. Stock A comprises 15 percent of the dollar value of her holdings and has a beta of 1.0 If Nicole sells all of her investment in A and invests the proceeds in the risk-free asset, her new portfolio beta will be ________.
A) 0.60 B) 0.88 C) 1.00 D) 1.25
In the context of the economic differences among nations in international trade, effectively serving less-developed markets requires:
A. the issuance of embargoes. B. the solicitation of money. C. innovation. D. ethnocentricity.