Which of the Following Is Incorrect

question 29

Multiple Choice

Which of the following is incorrect?

• A) Technical analysis is expected to work if markets are weak-form efficient.
• B) If markets are strong-form efficient then they must also be weak-form efficient.
• C) It is not likely that the market is strong-form efficient.
• D) none of these choices are incorrect.

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Definitions:

Owner's Capital

The amount of equity a business owner has invested in the firm plus any profits retained in the business.

Revenues

The income generated from normal business operations and other activities.

Business Documents

Written records that provide evidence of business transactions, agreements, and other business activities.

Ledger Accounts

Records within a ledger that show all the financial transactions of a specific account, summarized.