Two major criticisms of the Bureau of Census data as a portrayal of the degree of income inequality are that the income concept employed is too

A) broad and the income accounting period is too short.
B) narrow and the income accounting period is too long.
C) narrow and the income accounting period is too short.
D) broad and the income accounting period is too long.

Kane, Marcus, and Trippi (1999) show that the annualized fee that investors should be willing to pay for active management, over and above the fee charged by a passive index fund, depends onI) the investor's coefficient of risk aversion.II) the value of the at-the-money call option on the market portfolio.III) the value of the out-of-the-money call option on the market portfolio.IV) the precision of the security analyst.V) the distribution of the squared information ratio in the universe of securities.

A) I, II, and IV
B) I, III, and V
C) II, IV, and V
D) I, IV, and V
E) II, III, and V

Accounting standard AASB 3 Business Combinations requires the recognition of contingent assets in a business combination.

All of the following are benefits to the host country of a multinational corporation EXCEPT:

A) technology transfer.
B) reduced tax base.
C) capital development.
D) increased employment opportunities.
E) development of local resources.

Financial manager Josie needs a creative idea. She might try jogging because:

A) exercise promotes convergent thinking that is important for creativity.
B) physical exercise is known to block out traditional thinking.
C) physical exercise pumps more blood and oxygen into the brain.
D) fatigue is good for creative thinking.

In which journal would a cash purchase of inventory be recorded?

A) Purchases journal
B) General journal
C) Cash payments journal
D) None of these answer choices are correct.