Which of the following is an example of a customs union?
A) CSME
B) European Economic Area
C) NAFTA
D) Mercosur
D
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Which of the following statements is CORRECT?
A. Portfolio diversification reduces the variability of returns on an individual stock. B. Risk refers to the chance that some unfavorable event will occur, and a probability distribution is completely described by a listing of the likelihood of unfavorable events. C. The SML relates a stock's required return to its market risk. The slope and intercept of this line cannot be controlled by the firms' managers, but managers can influence their firms' positions on the line by such actions as changing the firm's capital structure or the type of assets it employs. D. A stock with a beta of ?1.0 has zero market risk if held in a 1-stock portfolio. E. When diversifiable risk has been diversified away, the inherent risk that remains is market risk, which is constant for all stocks in the market.
Which of the following would you include as decisions and responsibilities typically found at the operational level of a company?
A. Maintain core business activities required to run the day-to-day operations. B. Develop core business activities required to run the day-to-day operations. C. Control core business activities required to run the day-to-day operations. D. All of these.
Which of the following is the most important element to consider when selecting an appropriate graphic for a report?
A) Your communication channel B) Your word processing abilities C) Your report's organizational pattern D) Your objective
Which of the following cost-reduction and process-improvement techniques is often used in conjunction with target costing?
A. Cost allocation. B. Value engineering. C. Deterministic simulations. D. Budgetary padding. E. Linear programming.