____ Efficiency States That All Information Contained in Past Price

question 24

Multiple Choice

____ efficiency states that all information contained in past price movements only is fully reflected in the current market prices.

• A) Weak-form
• B) Semistrong-form
• C) Strong-form
• D) Economic

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Definitions:

Current Assets

Resources anticipated to be transformed into cash, disposed of, or utilized within a twelve-month period or the duration of the operating cycle, depending on which is greater.

Current Liabilities

Short-term financial obligations due within one year, including accounts payable, short-term loans, and other debts.

Gross Profit

The difference between revenue and the cost of goods sold before deducting overhead, payroll, taxes, and interest payments.

Gross Margin

The difference between sales revenue and the cost of goods sold, divided by sales revenue, expressed as a percentage. It represents the proportion of sales revenue that exceeds direct costs.