A security might exhibit negative convexity because:
a. its duration is greater than its maturity.
b. it has a fixed interest rate below current market rates.
c. a bank has a negative GAP.
d. it has embedded options.
e. markets are not efficient.
d
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If the coefficient of variation is 40% and the mean is 70, then the variance is
A. 28. B. 2800. C. 1.75. D. 784.
Which of the following best describes a marketing department with a functional organization?
A) A company creates large teams, or even whole divisions, to serve domestic and international markets. B) Marketing managers are responsible for developing marketing strategies and plans for their specific markets or customers, and the company is organized around the needs of specific customer segments. C) A product manager develops and implements a complete strategy and marketing program for a specific product or brand. D) Sales and marketing people are assigned to specific countries, regions, and districts. E) Different marketing activities are headed by specialists such as sales managers, advertising managers, marketing research managers, and customer service managers.
The functional areas of human resource management, such as staffing and retention, are the sole responsibility of the HR department.
Answer the following statement true (T) or false (F)
A good or service that is intended primarily for personal or household use is called a(n) ____ product.
A. convenience B. business C. specialty D. consumer E. organizational