If Security Markets Are Efficient, Then

question 22

Multiple Choice

If security markets are efficient, then:

• A)the net present value of all securities should be positive.
• B)the net present value of all securities should be zero.
• C)the net present value of all securities should be negative.
• D)there are no implications on the net present value of securities.

Identify and describe the properties that can be set for various data types (Short Text, Number, Currency, etc.).

Recognize the implications of changing field properties on data integrity and user input requirements.

Understand how to utilize default values and input masks to streamline data entry and maintain consistency.

Explain the role and configuration of required fields to ensure data completeness.

---

Definitions:

Revenues By Customer

The segmentation and reporting of a company’s sales based on individual customers or customer groups, used for sales tracking and customer relationship management.

Cash Receipts Journal

A dedicated journal used to record all cash inflows or receipts a business receives.

Account Credited

The action of recording an increase in a liability, equity, or revenue account, or a decrease in an asset or expense account.

Subsidiary Ledger

A detailed set of accounts that supports the main ledger, breaking down specific account transactions, like accounts receivable and payable.