Which of the following is a characteristic of an efficient market?

A) Small number of individuals
B) Opportunities exist for investors to profit from publicly available information.
C) Security prices reflect fair value of the firm.
D) Immediate response occurs for new public information.


Answer: C

Business

You might also like to view...

Collectivist cultures are more likely to trust e-commerce because of safety measures such as guarantees, laws, and policies

Indicate whether the statement is true or false.

Business

Which of the following is most likely a nonverbal clue indicating that a prospect is prepared to purchase the product?

A) The prospect asks about the terms of the sale. B) The prospect's facial expression becomes closed off. C) The prospect crosses her arms over her body. D) The prospect leans forward and appears to be intent on hearing your message. E) The prospect begins to examine the product as a way to tune out the salesperson's voice.

Business

A production report contains information on costs transferred in from prior departments as well as costs added in the department such as direct materials, direct labor, and overhead

Indicate whether the statement is true or false

Business

It is not essential that you cope with the attitudes of others

Indicate whether the statement is true or false

Business