Which of the Following Statements Is Correct

question 134

Multiple Choice

Which of the following statements is correct?

• A)Mrs.Lovejoy decides to invest in companies which she believes are producing their goods based on the preferences of consumers.Mrs.Lovejoy is therefore investing in companies that are productively efficient.
• B)Mrs.Lovejoy decides to invest in companies which she believes are producing their goods based on the preferences of consumers.Mrs.Lovejoy is therefore investing in companies that are both allocatively and productively efficient.
• C)Mrs.Lovejoy decides to invest in companies which she believes can produce their goods at the lowest possible cost.Mrs.Lovejoy is therefore investing in companies that are productively efficient.
• D)Mrs.Lovejoy decides to invest in companies which she believes can produce their goods at the lowest possible cost.Mrs.Lovejoy is therefore investing in companies that are allocatively efficient.

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Definitions:

Excel Autofilter

A feature in Microsoft Excel that allows users to automatically filter data based on specific criteria, making it easier to sort, find, and organize information.

Further Analysis

Additional examination or evaluation required to gain a deeper understanding of a situation or data.

Internal Control

Processes and procedures implemented by a company to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.

Audit Trail

A record that traces the detailed transactions relating to any operational, financial, or security process, allowing verification of the authenticity and integrity of transactions.