What advice should investors heed if markets are efficient?
A) You can earn abnormally large returns by frequently buying and selling whenever you obtain new information.
B) The best-informed traders always beat the market.
C) Mutual funds run by expert managers consistently outperform index funds.
D) Random stock picks will perform as well as a series of hot stock tips over long periods of time.
E) Fundamental analysis is superior to technical analysis.
D
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The sum of deviations of the individual data elements from their mean is
A. always greater than zero. B. always less than zero. C. sometimes greater than and sometimes less than zero, depending on the data elements. D. always equal to zero.
Which term below usually consists of three or more people who work independently to attain organizational goals?
A. job sharing B. group C. team D. flextime
Nice International originally issued 105,000 shares of common stock at a price of $22 per share
A year later, it distributed a 12% stock dividend to shareholders. At the time of the stock dividend, the share price had increased to $27 per share. Which of the following statements is true? A) Nice will record sales revenues of $277,200. B) Nice will record a loss of $63,000. C) Nice will record a gain of $63,000. D) Nice will record neither a gain nor a loss.
Which of the following would likely be considered an internal user of accounting information rather than an external user?
A. Middle-level managers. B. Lenders. C. Stockholders. D. Consumer groups. E. Government agencies.