Which of the Following Statements Is a Violation of Semi-Strong

question 27

Multiple Choice

Which of the following statements is a violation of semi-strong form market efficiency?
I.Executives trade their stock holdings before major announcements.
II.Day traders base their trading decisions on daily, weekly, and monthly trends.

• A)I only
• B)II only
• C)Both I and II
• D)Neither of these statements

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Definitions:

Direct Labor Budget

A direct labor budget is a financial plan that estimates the total cost of direct labor required to meet the production needs of a business.

Direct Labor-hours

The total hours worked directly on the production of goods.

Merchandise Purchases Budget

A detailed plan used by a merchandising company that shows the amount of goods that must be purchased from suppliers during the period.

Required Purchases

The quantity of goods a company needs to buy to meet its production plans and sales forecast.