All of the following are core attributes of an effective corporate governance system except:
A) Fairness and Accuracy in Identifying inherent conflicts of interest.
B) clearly defined governance responsibilities for managers & directors
C) Delineation of shareholders and other core stakeholders' rights
Answer: A) Fairness and Accuracy in Identifying inherent conflicts of interest.
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Cost behavior for variable overhead is more difficult to predict than the behavior of direct materials or direct labor cost for all the following reasons except:
a. The variable portion of overhead must first be separated from the fixed portion. b. Multiple cost drivers are usually involved with variable overhead. c. Direct material and direct labor contain no semi-variable component. d. Variable overhead is a relatively small part of total overhead.
A portfolio that combines two assets having perfectly positive correlation returns cannot reduce the portfolio's overall risk below the risk of the least risky asset
Indicate whether the statement is true or false