Which of the following statements is true regarding management of investments?
A. Total return targets should be determined based solely on maximizing return.
B. Derivatives are reported at fair value on the financial statements.
C. Arbitrage rules apply only to general obligation bonds issued by governments.
D. A sound investment strategy focuses on long-term returns of the fund.
Answer: B
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Savvy Sightseeing had beginning equity of $72,000; revenues of $90,000, expenses of $65,000, and dividends to stockholders of $9,000; there were no stock issuances. Calculate the ending equity.
A. $38,000. B. $47,000. C. $88,000. D. $97,000. E. $25,000.
To estimate replacement sales, management must research the product's ________, the number of units that fail in year one, two, three, and so on
A) survival-age distribution B) lifecycle ratio C) obsolescence rate D) business turnover ratio E) product-performance usage
Lavern and Donald are coworkers on a large branding campaign. While the project is on track, Lavern feels that she is doing all of the work and that Donald is treating her like a second-class citizen. Lavern comes to you and says, “Donald is a complete jerk and he really needs to get fired!” Which of the following is an appropriate empathic response for you to offer her?
a. “You got that right…I cannot stand that guy!” b. “So it seems you have a problem with Donald. Is there something else going on?” c. “You seem to resent that Donald was hired for the project. Who did you want hired?” d. “You resent Donald for not doing his share of the work; is this what you mean?”
In the context of job evaluation, validity is defined as:
A. the underlying, broadly applicable knowledge needed to perform a job effectively B. the ability of employees to request a re-evaluation of skills C. the degree to which different evaluators produce the same results D. a skill-based approach for determining pay E. the degree to which the evaluation achieves the desired results