Owning shares of ten different stocks rather than two illustrates the concept of ________.

When a problem is difficult to quantify, it may be necessary to develop unspecific objectives

Indicate whether the statement is true or false

Efrem owns Fans & Players, a retail sporting goods shop. When Great Hill Lodge, a new ski resort, is built in the area, Efrem decides to expand and borrows a large sum from Hometown Bank. The bank takes a security interest in Efrem's present inventory and any after-acquired inventory as collateral for the loan. The bank properly perfects the security interest by filing a financing statement. Efrem's business is profitable, and he begins doubling his inventory. A year later, an avalanche destroys the ski slope and lodge. Efrem's business takes a turn for the worse, and he defaults on his debt to the bank. The bank seeks possession of his entire inventory, even though the inventory is twice as large as it was when the loan was made. Efrem claims that the bank has rights to only half of his

inventory. Is Efrem correct? Explain. What will be an ideal response?

Katelyn was just named Risk Manager of ABC Company

She has decided to create a risk management program which considers all of the risks faced by ABC—pure, speculative, operational, and strategic—in a single risk management program. Such a program is called a(n) A) financial risk management program. B) enterprise risk management program. C) fundamental risk management program. D) consequential risk management program.

In the case of defined benefit plans, the employer must cover any underfunding that may result from the plan's poor performance

Indicate whether the statement is true or false