Which of the following is not an example of a financial institution that applies collective risk bearing?
A) Swiss banks
B) Mutual funds
C) Pension plans
D) Insurance companies
A
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External auditors frequently serve on the audit committees of their clients
a. True b. False Indicate whether the statement is true or false
In some personal injury cases, an award for punitive damages exceeds the award for compensatory damages
Indicate whether the statement is true or false
All of the following are potential benefits of stock repurchases EXCEPT
A) a favorable impact on earnings per share. B) a means for providing an internal investment opportunity. C) an approach for maintaining the existing capital structure while still making a distribution to shareholders. D) the elimination of a minority ownership group of stockholders.
Which of the following is not a characteristic feature of venture capital firms?
A) Funding just one or a small number of firms B) Holding equity in the firms that are funded C) Having a long-term investment horizon D) Providing advice and assistance to the firms that are funded