You want to evaluate three mutual funds using the Sharpe measure for performance evaluation. The risk-free return during the sample period is 6%. The average returns, standard deviations, and betas for the three funds are given below, as are the data for the S&P 500 Index.

The fund with the highest Sharpe measure is

A) Fund A.
B) Fund B.
C) Fund C.
D) Funds A and B (tied for highest) .
E) Funds A and C (tied for highest) .

The document the purchasing department sends to the vendor that is used to place an order is the ________.

The promise to make a charitable donation is not enforceable because it is a one-sided promise, even if the charity makes a commitment in return-such as a promise to name a building after the donor, or to use the money in a certain way-it has made a commitment.

Which of the following would be an example of how Southwest Airlines has created an inimitable corporate culture:

A) Hiring the best people available
B) Having employees who understand the firm's strategy
C) Offering a profit-sharing program
D) Setting goals and performance targets for the firm as a whole
E) All of the above

Suppose that good X has few close substitutes and that good Y has many close substitutes. Which good would you expect to have more price inelastic demand?

Which of the following are possible root-cause cost drivers?
i. Complexity
ii. Defects produced
iii. Plant layout
iv. Inadequate employee training

A) i, ii and iii
B) ii, iii and iv
C) i, iii and iv
D) All of the given answers

The state of California passes a law to restrict emissions form motor vehicles. Thee emissions may also be regulated by

A) other states and the federal government.
B) no other government.
C) the federal government only .
D) other states only.