Combining two stocks to form a portfolio offers maximum diversification benefits when _____.
A. the stocks have a correlation coefficient equal to 0
B. the stocks have a correlation coefficient equal to +1
C. the stocks have a correlation coefficient equal to -1
D. the both stocks have a coefficients of variation of 0
E. both stocks have a coefficients of variation of -1
Answer: C
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The mission statement articulates ______.
a. the organization’s market position b. the organization’s purpose and reason for existence c. the organization’s hopes for the future d. the organization’s five-year plan
If a company's flexible budget formula is $9.50 per unit plus $69,800, what would be the total budget for evaluating operating performance if 23,850 units were sold and 28,460 units were produced?
a. $296,375 b. $340,170 c. $311,235 d. $226,575
Laura was employed by Style Unlimited a noted fashion house in Toronto as a fashion
stylist. Her contract of employment with the company provided that upon leaving the employment, she is prohibited from opening up a rival business for the next ten years in any part of Canada. Laura has recently moved to Vancouver and plans to open up her own fashion company. Which of the following is correct? A) The restraint will only be enforced if Style Unlimited can prove that Laura received independent legal advice prior to agreeing to it. B) The restraint will be strictly enforceable against Laura unless she can prove that it is not in her best interests. C) A court will likely find the restraint unreasonable D) Laura can be restrained from opening up her own business E) The restraint will not be enforceable against Laura unless Style Unlimited can show that it is in its best interests.
The United States and other members of a certain organization agree to grant normal trade relations status to each other with regard to imports and exports. This organization is
a. the Convention on Contracts for the International Sale of Goods. b. the International Export-Import Bank. c. the United Nations. d. the World Trade Organization.