Samuel assists his clients in investing in the stock market. He not only acts as an agent by buying and selling corporate stocks and bonds on behalf of them, but also provides them with services like financial consultation and market research for a fee. In this scenario, Samuel plays the role of a(n) _____.
A. securities broker
B. personal investor
C. institutional investor
D. securities dealer
Answer: A
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Which of the following statements is most appropriate with respect to a 70% learning curve?
A) There will be a 70% decrease in direct labor per unit each time the production volume doubles. B) Each successive unit of production will take 70% of the direct labor of the previous unit. C) There will be a 30% decrease in direct labor per unit each time production volume doubles. D) Thirty percent of the production will be defective until full learning takes place. E) None of the above is true.
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A. legal B. living C. social D. psychological E. technological
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What will be an ideal response?