Studies show that international stock markets tend to move more closely together when the volatility is higher. This finding suggests that
A. this kind of correlation is why international portfolio diversification is smart for today's investor.
B. since investors need risk diversification most precisely when markets are turbulent, there may be less benefit to international diversification for investors who liquidate their portfolio holdings during turbulent periods.
C. investors should liquidate their portfolio holdings during turbulent periods.
D. none of the options
Answer: B
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How are the justices of the U.S. Supreme Court appointed?
A. They are nominated by the President and confirmed by the Senate. B. They are appointed by the President of the United States. C. They are nominated and confirmed by the chief justice of the Supreme Court. D. They are nominated by the associate justices and confirmed by the chief justice.
Which statement is not true about the constant b in the bivariate regression equation ? i = a + bXi?
A) It is usually referred to as the non-standardized regression coefficient. B) It is the slope of the regression line and it indicates the expected change in Y when X is changed by one unit. C) It is the intercept of the regression line and it indicates the value of Y when X is zero. D) It may be computed as b=COVxy/Sx2.
Management accounting accumulates, maintains, and processes an organization's financial and nonfinancial information
Indicate whether the statement is true or false
Adrian operates a recycled metals business and contracts to provide ten tons of scrap steel at $500 per ton to be delivered to Build-It-Rite Materials, Inc, in seven months. An unforeseen shortage of scrap steel suddenly develops, making it impossible for Adrian to fulfill the contract for less than $5,000 per ton. Adrian's best defense against performing the contract would be that A)
performance of the contract is commercially impracticable. B) procuring the steel would force the seller into bankruptcy. C) the law has rendered performance of the contract illegal. D) the specific subject matter of the contract has been destroyed.