A major advantage of investing in mutual funds is that ________
a. the judgment of the fund managers may be wrong
b. you pay fees to the money managers
c. the fund managers do the hard work of research and diversification
d. the fund managers ignore diversification
c
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The typical horizontal flows of information in an accounts payable/cash disbursements process might include all of the following except:
a. an invoice is received from a vendor b. the paid voucher is returned to the accounts payable department c. an approved disbursement voucher is sent to the cashier d. a copy of a receiving report is sent to the cashier
Receivables are usually listed in order
A) of the due date B) of the size C) alphabetically D) of liquidity
The antifraud provisions of the 1934 Act would prohibit which of the following?
A) Lying about the value of the firm's assets to sell stock B) Disclosing that the firm has discovered oil on its property in order to sell stock C) Telling about the bad health of the CEO in a transaction to purchase stock D) Not disclosing the salaries of secretaries of a large firm whose stock is being sold
What is the major insight provided by the Markowitz framework in portfolio theory?
What will be an ideal response?