Fama (1970)outlines the Sufficient Conditions in Order for All Shareholders

question 29

Multiple Choice

Fama (1970) outlines the sufficient conditions in order for all shareholders to agree about the exact nature of uncertainty.Which of the following statements is not one of the specified sufficient conditions?

• A)There are no transaction costs in trading securities.
• B)All agree on the implication of current information for the future price and distributions of future prices of each security.
• C)All information is costlessly available to all market participants.
• D)None of the given options.

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Definitions:

Summarize Benefits

Involves condensing key advantages or positive aspects of a product, service, or situation into a brief, clear presentation.

Buyer's Needs

The requirements or demands of a consumer that influence their purchasing decisions, including functionality, price, convenience, and status.

Assumptive Close

A sales technique where the salesperson assumes the customer has decided to make a purchase and proceeds with steps to finalize the sale, often leading to a sense of inevitability about the transaction.

Long-Term Customers

Clients or buyers who have been purchasing products or services from a business for an extended period, showing loyalty.