Which of the following is an example of an anomaly?
A. The discovery that stock prices fully reflect all available information.
B. The discovery that stock prices follow a random walk.
C. The discovery that returns to stock tend to be negative in periods of recessions.
D. The discovery that stocks have a higher than average return in early January.
Answer: D
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From a risk standpoint, a shareholder or limited partner is better off than a general partner.
Answer the following statement true (T) or false (F)
Santo belongs to the Eliok tribe in an Indian reservation in southern Nevada. He wants to open a casino on the reservation. However, the state authority denies the tribe permission to open a casino in its own territory. Which of the following permits the tribe to bring suit in federal court and force the state to comply?
A. Establishment Clause B. Indian Gaming Regulatory Act C. Dormant Commerce Clause D. Indian Reorganization Act
A doctor’s office is considering the purchase of a new piece of equipment. The equipment costs $25,000. The procedure performed with the new equipment will be billed to patients at $200. The doctor’s office estimates that the cost of materials and training for the new equipment will be approximately $75 per procedure. For which of the demand value below does it make sense for the purchase?
a. 50 procedures b. 100 procedures c. 150 procedures d. 225 procedures
A database software program facilitates data entry but not retrieval
Indicate whether the statement is true or false.