The _____________ states that in an efficient market, like items will have like prices.
Fill in the blank(s) with the appropriate word(s).
law of one price
This is taken directly from the text.
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Which of the following may an auditor use as a defense under the Securities Act of 1933?
a. Contributory Negligence b. Scienter c. Due Care d. Immaterial loss
Sanchez's success is due largely to the fact that:
A) he was born with the personality of a successful salesperson and capitalized on that B) he understood the key factors involved in becoming an excellent salesperson and worked to develop skills to support those factors C) he has unlimited energy and makes more cold calls than any other salesperson at his level in the company D) he knows how to persuade prospects to buy the products he is selling E) men tend to be more successful at selling industrial products than women do
In queuing problems, which of the following probability distributions is typically used to describe the time to perform the service?
A) binomial B) normal C) Poisson D) negative exponential E) lognormal
Firms that face a __ tax rate structure have an incentive to hedge, because it can reduce the firm's expected tax liability
a. flat b. regressive (or concave) c. decelerating d. progressive (or convex)