Imperfect markets theory - Study guides, Class notes & Summaries

CFA Level 3 Exam 204 Questions with Answers 2023 bounded rationality - CORRECT ANSWER individuals act as rationally as possible but are constrained by a lack of knowledge and cognitive ability satisfice - CORRECT ANSWER making a reasonable but not necessarily optimal decision the price is right - CORRECT ANSWER asset prices reflect and instantly adjust to all available information weak-form efficiency - CORRECT ANSWER prices inncoporate all past price and volume data semi-strong...

What are the 3+1 stages of absorption costing? 1. Allocation 2. Apportionment 3. Absorption = Production Cost 4. Under/over = Non prod OH Why would you use Absorption Costing? Valuing Inventory Pricing Decisions Establishing profitability What are pros and cons of absorption and marginal costing? Absorption -Avoids varying profits if sales are seasonal -Consistent with accounting standards -Recognises Long Run variable costs -Implies OH related to production = Manipulate profit ...

Test Bank For Entrepreneurship: The Practice and Mindset 1st Edition by Heidi M. Neck Christopher P. Neck ,Emma L. Murray Chapter 1: Entrepreneurship: A Global Social MovementTest Bank Multiple Choice 1. The authors define entrepreneurship as . a. a discipline that seeks to understand how opportunities are discovered, created, and exploited, by whom, and with what consequences b. starting a small business by finding investors and launching a product c. developing a new market by creating a produ...

Test Bank For Entrepreneurship: The Practice and Mindset 1st Edition by Heidi M. Neck Christopher P. Neck ,Emma L. Murray Chapter 1: Entrepreneurship: A Global Social MovementTest Bank Multiple Choice 1. The authors define entrepreneurship as . a. a discipline that seeks to understand how opportunities are discovered, created, and exploited, by whom, and with what consequences b. starting a small business by finding investors and launching a product c. developing a new market by creating a produ...

An economy that contains both perfect and imperfect competition and both regulated and nonregulated industries is known as - answer-mixed economy An economys production possibilities curve could shift outward as a result of an - answer-increased level of technology which one of the following is a charecteristic of capitalism but not of communism? - answer-private property Full employment describes the condition in which - answer-95 to 96 percent of the civilian labor force is employed ...

CSET SOCIAL SCIENCE SUBTEST 3 Questions and Answers 100% correct Which one best describes a central value of Republicanism? That citizens must put civic duty ahead of their individual interest What was the main difference in the approach of the Federalists vs Democratic Republicans to the issues of personal freedom and political equality? The Federalists wanted a stronger and richer nation through more Federal government power, while the Republicans emphasized agrarian values guaranteei...

A trade _____ is an economic condition in which a nation imports more than it exports. - Correct answer-deficit The _____ theory viewed international trade as a zero-sum game. - Correct answermercantilism Which of the following is a classical theory of international trade? - Correct answerComparative advantage theory The _____ theory is based on the assumption that the wealth of the world is fixed. - Correct answer-mercantilism Factor endowment is _____. - Correct answer-the extent to whic...

Test Bank For Entrepreneurship: The Practice and Mindset 1st Edition by Heidi M. Neck Christopher P. Neck ,Emma L. Murray Chapter 1: Entrepreneurship: A Global Social MovementTest Bank Multiple Choice 1. The authors define entrepreneurship as . a. a discipline that seeks to understand how opportunities are discovered, created, and exploited, by whom, and with what consequences b. starting a small business by finding investors and launching a product c. developing a new market by crea...

HMGT Test 1, Questions and answers, 100% Accurate, rated A+ ?!?!?!?!?!?!? HOW TO READ THE CARDS ?!?!?!?!?!?!? - -1.) CHAPTER 1 2.) CHAPTER 2 3.) CHAPTER 3 5.) CHAPTER 5 D.) DEFINITION (Everything was taken directly from slides and definitions are based on what Dr. Jim emphasized on in class) 1.) Why is cost containment an elusive goal of US health care delivery? - -- Size/Complexity - 16.4M Employees; 18% of GDP -Market-oriented/Free-market Economy - Private/Public Funding 1....

Chapter Two: Modern Portfolio Theory questions and answers 2023 Define modern portfolio theory An investment framework that is useful in diversifying the risk when allocating assets in a financial, liquid (tradable) portfolio in order to maximise the potential return given a specified level of risk appetite or tolerance. Modern portfolio theory (MPT) is born out of investment common sense. The rationale is that minimising risk and maximising the potential return should be something that...