Strong-Form Market Efficiency Implies That One Could Earn Above-Average Returns

question 28

True/False

Strong-form market efficiency implies that one could earn above-average returns by examining the history of a firm's stock price.

---

Definitions:

Work Efficiency

The effectiveness with which tasks and goals are accomplished within the workplace, often measured by the ratio of output generated to the input required.

Integrator Roles

Refers to positions or responsibilities within an organization aimed at synthesizing various inputs, perspectives, and resources to achieve unified outcomes or solutions.

Formalization

The extent to which policies, procedures, job descriptions, and rules are written and explicitly articulated within an organization.

Centralization

The concentration of decision-making authority at the top levels of organizational hierarchy, limiting the autonomy of lower-level employees.