Late trading and market timing
A) allow large, favored investors in a mutual fund to profit at the expense of other investors in the fund.
B) hurt ordinary investors by increasing the number of fund shares and diluting the fund's net asset value.
C) are both A and B of the above.
D) are none of the above.
C
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Which of the following profitability ratios is most useful in indicating the "quality" of a company's earnings?
a. Price/earnings ratio b. Gross profit ratio c. Dividend payout ratio d. Dividend yield ratio
Which amortization method should be used for intangibles that are amortized?
A) a method based on the expected pattern of benefits to be produced by the asset B) a method based on an annual review for impairment C) the straight-line method; all others are inappropriate D) any method is appropriate
When testing a hypothesis, if the computed value is 39.7 and the critical z is 1.96, then:
A) the hypothesis is not supported B) the hypothesis is supported C) the critical z value needs to be changed D) a major assumption has been violated E) no statement can be made about the hypothesis based on this information
Which of the following is true of the development stage of a new-product development process?
a. It sets several tasks in motion, such as building inventories and advertising to potential customers. b. It evaluates a new-product idea usually before any prototype has been created. c. It estimates the demand, cost, sales, and profitability of a product for the first time. d. It examines the feasibility of manufacturing a product at an acceptable cost.