Under German law, workers in companies with at least _________employees are allowed to form a works council.

A. Five
B. Fifteen
C. Two
D. Fifty


A. Five

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Vance comes from the lower-upper class as does Jeff. They are both madly in love with Julia, who is beautiful enough to do part-time modeling. According to the principle of ________, Julia could be attracted to both men

A) elaborated codes B) ascribed status C) homogamy D) restricted codes

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The following information was presented by User-Friendly Industries Company for an asset purchased at the beginning of the previous year.     Original cost of the asset$20,000  Useful life of the asset 10years Annual operating profit, including depreciation$4,000  Salvage value$-0-  What is the return on investment (ROI) assuming User-Friendly uses (a) the straight-line method for depreciation and (b) beginning-of-year net book values to compute ROI?

A. 22.2%. B. 11.1%. C. 20.0%. D. 25.0%.

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Stocks A and B each have an expected return of 12%, a beta of 1.2, and a standard deviation of 25%. The returns on the two stocks have a correlation of +0.6. Portfolio P has 50% in Stock A and 50% in Stock B. Which of the following statements is CORRECT?

A. Portfolio P has a beta that is greater than 1.2. B. Portfolio P has a standard deviation that is greater than 25%. C. Portfolio P has an expected return that is less than 12%. D. Portfolio P has a standard deviation that is less than 25%. E. Portfolio P has a beta that is less than 1.2.

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Of the following organizations, activity-based costing (ABC) cannot be used by:

A. book publishers. B. financial-services firms. C. manufacturers. D. hotels. E. None of these are correct, as all these organizations can use ABC.

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