If people have rational expectations,
A. the stock market may be overvalued.
B. the stock market may be undervalued.
C. stock prices are nonvolatile.
D. stock prices always equal their fundamental value.
Answer: C
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Which of the following is not needed in calculating the value of a bond?
a. Face interest rate b. Market interest rate c. Future value of periodic interest payments d. Present value of face (maturity) amount
A third party can bring a tort action against an accountant in case of constructive fraud
Indicate whether the statement is true or false
Which of the following statements is true about Trade Related Aspects of International Property Rights (TRIPS)?
A) Its national treatment policy provides greater protection to domestic products. B) Its most-favored-nation policy extends preferential treatment to some of its member nations. C) It does not provide copyright protection to rental rights. D) It protects names that indicate the geographical origin of a product.
Referring to the accompanying figure, many business consultants recommend that U.S. companies offshore ____ operations in order to stay competitive.
A. price-intensive B. material-intensive C. technology-intensive D. labor-intensive