Which of the following is a financial performance measure at an organizational level?
A) Cost of quality
B) Revenue and profit
C) Budget variance
D) Labor and material costs
B
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Lonny is a partner in the Harris Limited Partnership. Unless the partnership agreement provides otherwise, Lonny may:
a. assign his partnership interest and, if he does, he ceases to be a partner. b. assign his partnership interest, but if he does, the assignment dissolves the partnership. c. assign his partnership interest and, if he does, the assignee may exercise the rights of a partner. d. not assign his partnership interest.
Identify whether the characteristics below pertain to a group or a team.
A. Rewards based on individual accomplishments. B. Collection of individuals. C. Objectives differ from one member to another. D. Focus is on shared tasks and responsibilities. E. Shared tasks offer many chances to develop trust.
Which of the following statements about risk-return relationship is correct?
A. ?An increase in the expected inflation would lead to an increase in the required return on all the risky assets by the same amount, assuming all other things were held constant. B. ?A graph of the SML would show required rates of return on the vertical axis and standard deviations of returns on the horizontal axis. C. ?As a result of change in investors' risk aversion, the required rate of return on low-beta stocks is impacted more when compared to the required rate of return on high-beta stocks. D. ?If investors became more averse to risk, then the slope of the SML would become less steep. E. ?The market risk premium is lower for higher beta stocks and higher for lower beta stocks.
Which of the following statements about insurance brokers is (are) true?
A) They legally represent the insurance company. B) They have the legal power to bind the insurance company and can provide coverage for their insureds immediately. C) They have the right to approach a variety of insurers when searching for a particular product or coverage. D) Both A and B are true.