If stock prices follow a random walk,
A. it implies that investors are irrational.
B. it means that the market cannot be efficient.
C. price levels are not random.
D. price changes are random.
E. price movements are predictable.
D. price changes are random.
A random walk means that the changes in prices are random and independent.
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Orly's debts are discharged in a liquidation bankruptcy. Pester & Recover, Inc., buys the discharged debt obligations. With respect to these debts, Pester
A. can do nothing. B. can pressure Orly into paying them. C. must give Orly additional help to rebuild her life after the discharge. D. must report the debts to credit reporting agencies as "discharged."
What is the most accurate definition of the term corporate chain?
A. retailer-sponsored groups formed by independent retailers that run their own buying organizations and conduct joint promotion efforts B. franchisors who develop good marketing strategies and who carry out the strategy in their own units C. wholesaler-sponsored groups that work with "independent" retailers D. a firm that owns and manages more than one store E. a firm that owns a single store but operates through multiple franchisors
Kim's Pony Rides orders ten saddles from Little Horse Saddles, Inc The sales contract states that if the saddles are defective, Kim's will allow Little Horse Saddles to repair or replace them instead of rejecting the shipment. When the saddles arrive, they are defective. In this case, the perfect tender rule? A)?does not apply
B)?applies to both parties. C)?applies only to Little Horse Saddles. D)?applies only to Kim's Pony Rides.
A lease is a contract that permits use of someone else's property for a specified period of time.
Answer the following statement true (T) or false (F)