If a portfolio manager had to estimate the fair value of illiquid mortgage-backed securities, which of the following would he/she most likely identify as the level of inputs to determine this?
a. Level 1.
b. Level 2.
c. Level 3.
d. None of these.
C
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Section 16(b) of the 1934 Act requires that insiders individually file a statement disclosing their holdings of any class of equity securities of the issuer.
Answer the following statement true (T) or false (F)
Why must researchers avoid generalizing from focus group participants to the whole market?
A) Participants' responses are not reliable. B) Most of the participants are likely to be ignorant about the topic of discussion. C) The size of the group is too small and the sample is not drawn randomly. D) Most of the participants are likely to exhibit similar tastes and preferences. E) The participants usually come from diverse backgrounds.
The valuation/allocation and completeness assertions are usually the most relevant for auditing cash
a. True b. False Indicate whether the statement is true or false
The choice of being an entrepreneur rather than a paid employee requires consideration of ______, which represents the risk of giving up dependable salary and benefits for potential profits, which are not assured.
a. opportunity cost b. compensatory balance c. innovator’s dilemma d. risk aversion