Duration matching immunizes a portfolio against
A. Any parallel shift in the yield curve
B. All shifts in the yield curve
C. Changes in the steepness of the yield curve
D. Small parallel shifts in the yield curve
D
Duration matching only protects against small parallel shifts. It does not provide protection against large parallel shifts and non-parallel shifts.
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Atoka Manufacturing uses a standard cost system. Standards for direct materials are as follows:
Actual purchases of direct materials for the current month are 10,000 pounds for $48,000. Planned and actual production for the month is 3000 units. Atoka has issued 10,000 pounds of direct materials to production. The journal entry to record this transaction is ________.
A) a debit to Work-in-Process Inventory for $28,800, a credit to Raw Materials Inventory for $30,000, and a debit to Direct Materials Efficiency Variance for $1200
B) a debit to Work-in-Process Inventory for $28,800, a credit to Raw Materials Inventory for $50,000, and a debit to Direct Materials Efficiency Variance for $21,200
C) a debit to Work-in-Process Inventory for $30,000, a credit to Raw Materials Inventory for $50,000, and a debit to Direct Materials Efficiency Variance for $20,000
D) a debit to Work-in-Process Inventory for $50,000, a credit to Raw Materials Inventory for $48,000, and a credit to Direct Materials Efficiency Variance for $2000
When an employee is given ______, the employee has to accept a position-based obligation to the organization to use those resources that the employee was given to help the organization meet its goals.
A. sustainability B. authority C. responsibility D. accountability
In waiting line problems, the arrival rate is typically described by a discrete probability distribution known as ______.
a. Poisson distribution b. binomial distribution c. normal distribution d. positive exponential distribution
Refer to the figure. What is the expected completion time of activity A?
A) 3 B) 4 C) 5 D) 2.7 E) 2.5