Investor overconfidence leads to
A) too little trading.
B) an overestimation of risk.
C) overly optimistic predictions.
D) narrow framing.
Answer: C
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ABC and XYZ Companies purchased identical equipment having an estimated useful life of ten years. ABC uses the straight-line depreciation method and XYZ uses the double-declining-balance method of depreciation. Assuming the two entities are similar in all other respects, which of the following statements is correct?
A) ABC's depreciation expense will be greater in the second year than XYZ's depreciation expense. B) XYZ's book value will be greater than ABC's book value at the end of year one. C) ABC's net income will be greater than XYZ's net income in year nine. D) XYZ's book value will be less than ABC's book value at the end of year two.
The sole proprietor has ________ liability
A) zero personal B) limited organizational C) complete organizational D) unlimited personal
Which act makes it a crime to willfully infringe copyrighted materials via electronic means that worth more than $1,000?
A) The Digital Millennium Copyright Act B) The No Electronic Theft Act C) The Economic Espionage Act D) There is no criminal statute for electronic infringement; it is a civil matter only.
A class name must express or imply action
Indicate whether the statement is true or false