Security A has a higher standard deviation of returns than security B. We would expect that:

I. Security A would have a higher risk premium than security B.
II. The likely range of returns for security A in any given year would be higher than the likely range of returns for security B.
III. The Sharpe ratio of A will be higher than the Sharpe ratio of B.

A. I only
B. I and II only
C. II and III only
D. I, II, and III


B. I and II only

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The use of customer statements as a control device will be effective only if the employees responsible for the custody of cash received through the mail, for record keeping, and for authorization of adjustments to customers' accounts are not allowed to prepare and mail statements to customers

a. True b. False Indicate whether the statement is true or false

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The Refining Department of Crystal Cane Sugar, Inc. had 56,000 tons of sugar to account for in December. Of the 56,000 tons, 40,000 tons were completed and transferred to the Boiling Department, and the remaining 16,000 tons were 60% complete. The materials required for production are added at the beginning of the process. Conversion costs are added equally throughout the refining process. The weighted-average method is used. Calculate the total equivalent units of production for conversion costs.

A) 9600 units B) 40,000 units C) 49,600 units D) 56,000 units

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In the Chapter 8 opening scenario on political polling, the point is that research shouldn't always be believed

Indicate whether the statement is true or false

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Regions represent the outcomes of centuries of political and cultural history that results in not only ________ but also mutual ________.

A. commonalities; losses B. similarities; expectations C. commonalities; affinities D. differences; expectations

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