A note to the financial statements of the First Security Bank indicates that all of the records relating to the bank business operations are stored on magnetic disk and that no emergency backup systems or duplicate disks consider the occurrence of a catastrophe to be remote. Based upon this note the auditor's report on the financial statements should express

The market segment section of a marketing plan covers market segmentation, targeting, and

positioning. Indicate whether the statement is true or false

Fully explain what the following sentence in the chapter means: "Meier was able to steer a healthy portion of each issue away from hedge funds, which, in an effort to hedge their warrant exposures, might have shorted the Roche stock in the spot

market and thereby driven down share price." Assuming the warrants were long call options on Roche shares, explain how shorting Roche's shares would have hedged the hedge funds' positions.