The efficient market hypothesis rests on which of the following assumptions?
I. Information is widely available to all investors almost simultaneously.
II. Investors react quickly to new information.
III. Investors correctly interpret all available information.
IV. Events which affect the market occur randomly.
A) I and II only
B) I, II and III only
C) II, III and IV only
D) I, II, III and IV
Answer: D
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What will be an ideal response?
The overhead variance is least likely to be
A) Nonexistent (actual overhead equals applied overhead) B) underapplied C) overapplied D) immaterial E) underapplied and material
Landmark Oil Company has a contract with Atlas Oil Stations that requires Atlas to buy all its oil and petroleum products from Landmark only. This is an example of a(n) ________
A) market division contract B) vertical price-fixing arrangement C) tying arrangement D) exclusive dealing contract
The variable to be predicted is the dependent variable
Indicate whether the statement is true or false