Diversified investors should be concerned solely with nondiversifiable risk because it can create a portfolio of assets that will eliminate all, or virtually all, diversifiable risk
Indicate whether the statement is true or false
TRUE
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Horgen Corporation manufactures two products: Product M68B and Product H27T. The company is considering implementing an activity-based costing (ABC) system that allocates its manufacturing overhead to four cost pools. The following additional information is available for the company as a whole and for Products M68B and H27T.Activity Cost PoolActivity MeasureTotal CostTotal ActivityMachiningMachine-hours$299,00013,000MHsMachine setupsNumber of setups$240,000400setupsProduct designNumber of products$80,0002productsGeneral factoryDirect labor-hours 290,00010,000DLHsActivity MeasureProduct M68BProduct H27TMachine-hours6,0007,000Number of setups250150Number of products11Direct labor-hours4,0006,000Using the ABC system, how much total manufacturing overhead cost would be assigned to Product
H27T? A. $465,000 B. $454,500 C. $291,000 D. $174,000
Effective organizational design means that firms must have ________ that are consistent with their strategy.
A. organizational structures and designs B. designs and plans C. adopters and plans D. adopters and designs
An example of a management participation threat is:
A. Establishing and maintaining the budget for audit completion B. Initiating litigation against the client C. Preparing source documents used to generate the client's financial statements D. Establishing and maintaining internal controls for the client
European currency options can be exercised ____; American currency options can be exercised ____
a. any time up to the expiration date; any time up to the expiration date b. any time up to the expiration date; only on the expiration date c. only on the expiration date; only on the expiration date d. only on the expiration date; any time up to the expiration date