Rational investors ________ fluctuations in the value of their investments
A) are averse to
B) prefer
C) are indifferent to
D) are in favor of
Answer: A
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Which of the following statements is false?
a. Cash equivalents are included in cash on the balance sheet and on the statement of cash flows. b. Investments in cash equivalents and investments in stock have the same economic effect--assets increase and decrease by the same amount. c. An investment is a cash equivalent if it is convertible into a known amount of cash and has an original maturity of 3 months or less when purchased. d. Investments in stock are reported as a financing activity on the statement of cash flows.
Which of the following statements is CORRECT?
A. Diversifiable risk can be reduced by forming a large portfolio, but normally even highly-diversified portfolios are subject to market (or systematic) risk. B. A large portfolio of randomly selected stocks will have a standard deviation of returns that is greater than the standard deviation of a 1-stock portfolio if that one stock has a beta less than 1.0. C. A large portfolio of stocks whose betas are greater than 1.0 will have less market risk than a single stock with a beta = 0.8. D. If you add enough randomly selected stocks to a portfolio, you can completely eliminate all of the market risk from the portfolio. E. A large portfolio of randomly selected stocks will always have a standard deviation of returns that is less than the standard deviation of a portfolio with fewer stocks, regardless of how the stocks in the smaller portfolio are selected.
Some robots have limited vision that is useful for locating and picking up objects, as long as the objects are isolated from other objects
Indicate whether the statement is true or false
A company that uses a job order costing system would make the following entry to record the flow of direct materials into production:
A. debit Finished Goods Inventory, credit Raw Materials Inventory. B. debit Work in Process Inventory, credit Cost of Goods Sold. C. debit Work in Process Inventory, credit Factory Overhead. D. debit Factory Overhead, credit Raw Materials Inventory. E. debit Work in Process Inventory, credit Raw Materials Inventory.