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NEW QUESTION: 1
Which of the following best describes a composite key?
A. A composite key is a primary or foreign key that consists of two or more attributes of a relation.
B. A composite key is a foreign key that consists of the same attributes as the primary key from a related table.
C. A composite key is a primary key that consists of the first two attributes of a relation.
D. A composite key is a primary or foreign key defined by its parent keys.
Answer: A
NEW QUESTION: 2
Kaylee Sumners, Level 1 CFA candidate, is having difficulty remembering the tests for the three forms of the efficient market hypothesis (EMH). On her first attempt to outline the information from memory, she made numerous mistakes. After reviewing the material, she tries again to summarize the information. This time, three of her four points are correct. Which of her summary points is INCORRECT?
A. The historical performance of professional money managers supports the strong-form of the EMH.
B. The tests for the semi-strong form EMH give mixed results. Time-series tests such as dividend yield and default spread reject the semi-strong form EMH and event studies on stock splits and announcements of accounting changes support it.
C. Results of trading rule tests, such as filter rules, support the semi-strong form of the EMH.
D. Early tests of the semi-strong form used the formula:ReturnAbnormal= ReturnActual- RMarket
Answer: C
Explanation:
Explanation/Reference:
Explanation:
Results of trading rule tests, such as filter rules, support the weak form of the EMH.
The other choices are true. Tests show that professional money managers perform no better than a random buy and hold strategy. This supports the strong form EMH contention that stock prices reflect all information- public and private. (Aside from corporate insiders and specialists, no group has monopolistic access to information that would result in superior returns.)
NEW QUESTION: 3
All except one of the following could be a process goal for a for-profit service organization. Which one?
A. Ensure that the design of a service to customers follows industry safety standards.
B. Dedication to continual process improvement.
C. Ensure that the service delivered produces a profit.
D. Discipline any employee who fails to meet the service standards of the organization.
Answer: D
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