In finance, an efficient market is one in which:
A) prices are assumed to be correct.
B) prices adjust quickly and accurately to new information.
C) prices are the best allocators of capital in the macro economy.
D) all of the above
Answer: D
You might also like to view...
Any person can be an agent, regardless of whether he or she has the capacity to contract.
Answer the following statement true (T) or false (F)
System documentation is designed for all of the following groups except
a. systems designers and programmers b. end users c. accountants d. all of the above require systems documentation
Manicotti Corporation sells a single product. Budgeted sales for the year are anticipated to be 640,000 units, estimated beginning inventory is 108,000 units, and desired ending inventory is 90,000 units. The quantities of direct materials expected to be used for each unit of finished product are given below. Material A .50 lb. per unit @ $ .60 per pound Material B 1.00 lb. per unit @ $1.70 per
pound Material C 1.20 lb. per unit @ $1.00 per pound The dollar amount of direct material A used in production during the year is: A) $186,600 B) $181,200 C) $240,000 D) $210,600
In chapter 6 of your textbook, games characterized by conflict that is intense, confined, and unstable, and that can be found during takeovers, mergers and acquisitions are termed ____________.
a. Confrontation b. Shaky alliances c. Politicized organizations d. Complex political arenas