All of the Following Are Necessary Conditions for an Efficient

question 103

Multiple Choice

All of the following are necessary conditions for an efficient market except _________.

• A) Low trading or transaction costs
• B) Many buyers and sellers
• C) Free and readily available information to market participants
• D) Low stock prices

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Definitions:

Time Orientation

refers to the way individuals or cultures perceive and value time, influencing priorities, punctuality, and planning.

Qualitative Methods

Investigative techniques that gather and examine qualitative data to grasp ideas, perceptions, or experiences.

Descriptiveness

The aspect of providing detailed information or an accurate depiction of events, processes, or characteristics.

Objectivity

The practice of basing decisions, judgments, or analyses on factual evidence and without influence from personal feelings or biases.