Which type of risk can an investor effectively manage by investing in broadly diversified mutual funds?
A) Serial risk
B) Systematic risk
C) Unsystematic risk
D) None of the above is correct.
Answer: C
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Which of the following should be shown on a statement of cash flows under the financing activities section?
a. the purchase of a long-term investment in the common stock of another company b. the payment of cash to retire a long-term note c. the proceeds from the sale of a building d. the issuance of a long-term note to acquire land
FASB's Statement of Financial Accounting Concepts No. 7 provides general principles governing the use of present value and the objectives of present value accounting measurements
Indicate whether the statement is true or false
U.S. GAAP and IFRS require separate income statement display of income from continuing operations and _____earnings that will not continue because the firm either sold, or made a decision to sell, a portion of its business). Such a requirement aids users of the income statement in predicting future earnings
a. income from discontinued operations b. extraordinary items c. changes in accounting principles d. sale of individual assets e. none of the above
Which of the following outcomes cannot generally be attributed to unions?
A. Higher income and living standards for workers. B. Greater protection for workers against unfair treatment by employers. C. Greater flexibility in work rules. D. Greater emphasis on legislation and social programs that assist working people.