Research Has Found That Investors Tend to React to Earnings

question 29

Multiple Choice

Research has found that investors tend to react to earnings surprises

• A)slowly,which illustrates conservatism.
• B)immediately and fully on the day the information becomes public.
• C)quickly and efficiently.
• D)in the same manner whether they are positive or negative surprises.
• E)always in a negative manner as they do not like any surprises.

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Definitions:

Psoriasis

A chronic autoimmune skin disease that accelerates the life cycle of skin cells, causing them to build up rapidly on the surface of the skin.

Fungal Infection

An infectious condition caused by a fungus growing on or in the body.

Sweat Glands

Sweat glands are small tubular structures of the skin that produce sweat, involved in regulating body temperature and excreting waste products.

Dermis

The dermis is the dense layer of living tissue beneath the epidermis, constituting the actual skin, and houses blood capillaries, nerve endings, sweat glands, hair follicles, among other components.