The account manager of a market research firm is conducting secondary research on consumer preferences in energy drinks for his clients. His client's drink is 100 percent organic, but all of the secondary data he has found contains only beverages that contain a majority of artificial ingredients. This scenario illustrates the fact that secondary data ________.
A. are more expensive than primary data
B. has high validity regardless of the methodology used
C. will not fit the research problem exactly
D. are always updated and current
E. can alone provide specific answer to a research problem
Answer: C
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When accounting for a cash flow hedge of an recognized asset or liability, which of the following is/are true?
a. A firm recognizes the hedged asset or liability on the balance sheet and its measurement depends on the required accounting for the particular asset or liability. b. A firm recognizes the derivative as an asset on the date of acquisition to the extent it makes an initial investment or as a liability to the extent it receives cash. Otherwise, no amount appears on the balance sheet for the derivative. c. At the end of each period, the firm remeasures the derivative instrument (the hedging instrument) to fair value and includes the resulting loss or gain in other comprehensive income. d. The firm reclassifies gains and losses from other comprehensive income to net income when the gain or loss on the hedged item affects net income. e. all of the above.
When an employer in the construction industry allows union members to avoid working with materials that come from employers who have been struck by a union this is referred to as:
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Nouveau Riche Corporation's officers, directors, and shareholders buy and sell securities. SEC Rule 10b-5 applies to
a. only the purchase or sale of a security by a financial corporation. b. only the purchase or sale of a security involving an officer or director. c. only the purchase or sale of a security involving a shareholder. d. the purchase or sale of any security.