The weak form of the efficient market theory contends that
A) past price performance is useless in predicting future price movements.
B) past performance can help determine the general direction of future price movements.
C) any publicly available information is useless in predicting future price movements.
D) price movements are not random but follow a general trend over a period of time.
Answer: A
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In the case of a destination contract, the risk of loss passes to the buyer ________
A. when the goods are handed over or placed at his disposal at that place B. as soon as he/she accepts the contract in writing C. when the goods are handed over to the first carrier for shipment D. at the time the contract is concluded
Which of the following goals of the firm is equivalent to the maximization of shareholder wealth?
A) Profit maximization B) Risk minimization C) Maximization of the total market value of the firm's common stock D) None of the above