Assume that stock market returns do follow a single-index structure. An investment fund analyzes 217 stocks in order to construct a mean-variance efficient portfolio constrained by 217 investments. They will need to calculate ________ estimates of expected returns and ________ estimates of sensitivity coefficients to the macroeconomic factor.
A. 47,089; 47,089
B. 217; 47,089
C. 217; 217
D. 47,089; 217
E. None of the options are correct.
Answer: C
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A printing press has a mean time between failures of 175 hr and mean time to repair of 8 hr. In this case, the availability is ______.
A. 0.956 B. 0.895 C. 0.789 D. 0.678
The intensity of rivalry among competing sellers does not depend on whether
A. industry conditions attract industry members to use price cuts or other competitive weapons to boost total sales volume and market share. B. strong companies outside the industry have acquired weak firms in the industry and are launching aggressive moves to transform the acquired companies into strong market contenders. C. one or two rivals have particularly powerful and successful strategies to grow the business, attract and retain buyers, and develop a sustained competitive advantage. D. the industry has more than two strong driving forces and whether the industry has more than two diverse and capable strategic groups. E. competitors are diverse in terms of long-term directions, objectives, strategies, and countries of origin.
In a ________ arrangement, the tenant is responsible for paying only rent and property taxes
A) double net lease B) net lease C) gross lease D) net, net, net lease
At the beginning of the year, manufacturing overhead for the year was estimated to be $670,700. At the end of the year, actual direct labor-hours for the year were 36,200 hours, the actual manufacturing overhead for the year was $665,700, and manufacturing overhead for the year was overapplied by $22,100. If the predetermined overhead rate is based on direct labor-hours, then the estimated direct labor-hours at the beginning of the year used in the predetermined overhead rate must have been:
A. 35,037 direct labor-hours B. 35,300 direct labor-hours C. 33,874 direct labor-hours D. 36,200 direct labor-hours