The parameter R in an exponential utility function represents
a. the decision maker's risk tolerance.
b. the utility function's error tolerance.
c. the posterior probability.
d. the likely profit/loss from the investment.
A
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According to the Truth-in-Savings Act, the interest rate that banks are required to report when you deposit money in an account is known as
A. capital-gains yield. B. annual percentage yield. C. current yield. D. total return.
Which of the following is a possible indicator of concealment in a bankruptcy or divorce fraud?
a. Increases in operating losses that are not explained by economic factors b. The size of orders placed on credit and the credit balances with suppliers suddenly and dramatically decrease c. A sudden change in management is made without public notice d. The company sells goods at large discounts
Which statement is not true?
a. Auditors must maintain independence. b. IT auditors attest to the integrity of the computer system. c. IT auditing is independent of the general financial audit. d. IT auditing can be performed by both external and internal auditors.
Cellpoint uses two-part pricing for its long-distance call charges. Because this is a service, the price is broken into a fixed fee plus a(n) ________ usage rate
A) fixed B) variable C) standard D) market E) optional