Madison, who is a white, conservative Catholic, also tends to give higher ratings to other white, conservative Catholics. Madison is likely making a _____ error.

Refer to Table 4-2. The Operating Profit Margin ratio for 2007 was approximately

A) 0.22. B) 0.17. C) 0.18. D) 0.12.

The elimination of riskless profit opportunities in the futures market is referred to as ________

A) speculation B) hedging C) arbitrage D) open interest E) mark to market