The only two economies of scope that do not have the potential for generating positive returns for a firm's equity holders are diversification in order to maximize the size of a firm and diversification to reduce risk

The hypergeometric probability distribution is used rather than the binomial or the Poisson when:

A) the sampling is performed with replacement. B) the sampling is performed without replacement from an infinite population. C) the sampling is performed without replacement from a finite population. D) the sampling is performed with replacement from a finite population.

Efron borrows money to pay his tuition and signs a note payable to First Citizens Bank. The bank assigns the note to Guaranty Bank. The assignment

a. does not affect Efron's obligation to pay the note as promised. b. frees Efron of the obligation to pay the note. c. results in Guaranty Bank's co-liability on the note with Efron. d. results in Guaranty Bank's co-liability on the note with First Citizens Bank.