Which Is an Example of an Intangible Benefit

question 16

Multiple Choice

Which is an example of an intangible benefit?

• A) A user-friendly system that improves employee job satisfaction
• B) A new scheduling system that reduces overtime
• C) An online package tracking system that improves service and decreases the need for clerical staff
• D) A sophisticated inventory control system that cuts excess inventory

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Definitions:

Small-Firm Effect

The observed phenomenon that, on average, smaller firms have historically provided higher risk-adjusted returns than larger firms.

Book-To-Market Effect

The tendency for securities with high book-to-market ratios to outperform those with low ratios.

Semistrong Form

A theory in the Efficient Market Hypothesis that postulates all publicly available information is already reflected in stock prices, including historical data and new public information.

Efficient Markets Hypothesis

A theory suggesting that financial markets fully reflect all available information, making it impossible to consistently achieve higher returns than the market average.