You Call by Phone to a Concert Ticket Service and Use

question 79

Multiple Choice

You call by phone to a concert ticket service and use your credit card to purchase two tickets to the "Elvis Reincarnation Tour" concert scheduled for July 4.Assuming that Elvis truly has returned and will play at the show,which of the following is true after you hang up the phone.

• A) You have acquired no property now,but will when the concert starts.
• B) You have just acquired tangible personal property.
• C) You have just acquired intangible personal property.
• D) You have acquired no property now,but will when the concert tickets arrive in the mail.

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Definitions:

Semi-strong Form

A concept in efficient market hypothesis proposing that all publicly available information is fully reflected in stock prices.

Variance

A statistical measure that represents the spread or dispersion of a set of data points from their mean.

Average Squared Difference

A statistical measure used in variance calculations, representing the average of the squared differences from the mean.

Actual Return

The real profit or loss achieved on an investment over a particular time period, often expressed as a percentage.