Which of the following is a major duty of a financial manager?
I. To make investment decisions
II. To make financing decisions
III. To manage cash flow from operating activities
A) I only
B) I and II only
C) I and III only
D) all of the above
Answer: D
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The bit rates of DSL lines usually have no relation to the distance of the subscriber's computer from the regional central office of the telephone company.
Answer the following statement true (T) or false (F)
Your friend is considering adding one additional stock to a 3-stock portfolio, to form a 4-stock portfolio. She is highly risk averse and has asked for your advice. The three stocks currently held all have b = 1.0, and they are perfectly positively correlated with the market. Potential new Stocks A and B both have expected returns of 15%, are in equilibrium, and are equally correlated with the market, with r = 0.75. However, Stock A's standard deviation of returns is 12% versus 8% for Stock B. Which stock should this investor add to his or her portfolio, or does the choice not matter?
A. Stock A. B. Stock B. C. Neither A nor B, as neither has a return sufficient to compensate for risk. D. Add A, since its beta must be lower. E. Either A or B, i.e., the investor should be indifferent between the two.
Preferred stockholders are given the right to vote for the board of directors of the corporation
Indicate whether the statement is true or false
In the audit of a federal assistance program, a cost that appears to be in violation of a law or regulation is referred to as a:
A. Questioned Cost. B. Single Audit Deviation. C. Direct compliance cost. D. Potentially fraudulent cost.