In portfolio selection problems, risk is measured by the variance of the return on the portfolio
Indicate whether this statement is true or false.
Answer: TRUE
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If a company experiences a liquidation of a LIFO inventory layer in the second quarter that is expected to be restored by the end of the annual financial reporting period, the company should
a. treat the layer as if it were liquidated and include in cost of goods sold the expected replacement cost of the inventory sold. b. deplete the LIFO layer as if the interim period were an annual period. c. change to an alternative inventory cost method, such as FIFO, so that the problem of LIFO liquidation is not encountered. d. delay the recognition of both revenue and cost of goods sold on the inventory involved until a final determination of the LIFO inventory can be made at the end of the annual period.
Direct selling works best for individuals who have difficulty building up a reliable network of customers.
Answer the following statement true (T) or false (F)
The Economic Espionage Act of 1996 provides for criminal penalties for violation of its
provisions. Indicate whether the statement is true or false
Noel and Lyle have a contract whereby Noel is to perform routine construction services according to the blueprints that Lyle has provided. Noel assigns the contract to David. As a result of this assignment:
A) Lyle can bring suit based upon detrimental reliance. B) Noel has no more rights or responsibilities with regard to the contract. C) Noel no longer has any rights under the contract, but he remains responsible for the duties he agreed to perform. D) Noel has all of his rights under the contract, but he has no responsibility for the performance of the duties.