Which of the Following Is NOT True About the Efficient

question 2

Multiple Choice

Which of the following is NOT true about the efficient market hypothesis?

• A)Market prices reflect all available information at any given time.
• B)Market prices do not fluctuate dramatically.
• C)Market prices are considered fair.
• D)Investors cannot continuously earn an excess return over and above the risk-adjusted return.

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Definitions:

Inventory Manager

A professional responsible for overseeing and managing a company's inventory, including ordering, storing, and distributing products.

Stock Boys

Individuals typically employed in retail establishments to stock merchandise and organize inventory.

Monthly Payroll

The total amount of wages paid by a business to its employees in one month.

Accounting Firm

A business that provides services related to the processing, measurement, and communication of financial information about economic entities.