Which one of the following statements appears to be correct based on current research?
A. Excessive trading tends to increase returns.
B. Overconfidence tends to result in lower returns.
C. Single, female investors tend to earn lower returns than their male counterparts.
D. Investors with higher incomes tend to be more risk-adverse than other investors.
E. Men tend to trade less frequently than women.
Answer: B
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The calculation of 365 divided by the accounts receivable turnover value is the formula for
a. return on owner's equity; b. average collection period; c. inventory turnover; d. average days to sell inventory; e. quick ratio.
The allowance for doubtful accounts will not be precise by either the client or the auditor because of which of the following reasons?
a. It is an accounting estimate based upon judgment. b. GAAP is not clear on the calculation of the allowance. c. It is merely a reserve that is reversed by the client as income is needed for profitable results. d. The precision is determined by the results of confirmation responses.
Awards are often used to encourage
A) intermediate performance. B) short-term performance. C) long-term performance. D) both short-term and long-term performance.
Which large U.S. nonprofit has "gone international" – establishing major international operations?
a. The Salvation Army b. Habitat for Humanity c. Komen Race for the Cure d. The Arthritis Foundation e. Easter Seals