The notion that actual capital markets, such as the NYSE, are fairly priced is called the:
A) efficient market Hypothesis (EMH).
B) law of one price (LOP).
C) open markets theorem (OMT).
D) laissez-faire axiom.
E) monopoly pricing theorem (MPT).
A) efficient market Hypothesis (EMH).
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Kertas, Inc. produces paper and office supplies and uses the just-in-time inventory system. Currently, the company is using variable costing. Which of the following is TRUE of the effect of costing systems on the financial results of Kertas?
A) Its operating income will be significantly higher if the company uses absorption costing instead of variable costing. B) Its operating income will be significantly lower if the company uses absorption costing instead of variable costing. C) Its operating income will vary a little if the company uses absorption costing instead of variable costing. D) Its operating income will be negative if the company uses absorption costing instead of variable costing.
One force driving change in organizations is ______.
A. agility B. transformational leadership C. flexibility D. diversity
When an organization focuses solely on the exchanges between parties like the money for products or the labor for money, this is identified as which form of relationship?
A. catastrophic relationship B. citizen relationship C. transactional relationship D. covenantal relationship
What is a lockout in connection with labor law?
A) An action by management to prevent union organizers from entering the company's premises B) An action by workers to prevent suppliers from entering the company's premises C) An action by management to prevent workers from entering the company's premises D) An action by workers to prevent customers from entering the company's premises E) An action by workers to prevent management from entering the company's premises