Which of the Following Are Both a Financial Intermediary and a Financial

question 43

Multiple Choice

Which of the following are both a financial intermediary and a financial institution?

• A)mutual funds
• B)pension funds
• C)insurance companies
• D)hedge funds

Recognize how and where different types of financial statement items, such as losses on disposal and changes in accounting methods, are reported.

Describe the purpose of an audit and the requirements of the Sarbanes-Oxley Act for corporate accountability.

Calculate and understand financial ratios such as price-earnings ratio, return on stockholders' equity, and return on total assets.

Identify what constitutes an unusual item on an income statement and the implications of various unusual items.

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Definitions:

Scientific Method

A systematic and logical approach to discovering how things in the universe work, through observation, experimentation, and analysis.

Hypothesis Testing

A statistical method used to determine if there is enough evidence in a sample of data to infer that a certain condition is true for the entire population.

Content Analysis

A research technique used to objectively and systematically analyze the content of communication, such as texts, images, and media.

Cultural Changes

Transformations in the beliefs, norms, values, and practices of a society or community over time.