Examlex
A reference group which a person wishes to be a member of or wishes to be associated with is called a(n) : _____ group.
Unexpected News
Information that comes without warning, often having a potential impact on market prices and investor decisions.
Efficient
Describes an economy, market, or decision-making process that effectively allocates resources and inputs in a way that maximizes output or returns with minimal waste.
Semi-Strong Efficiency
A form of market efficiency that asserts all public information is reflected in stock prices, making it impossible to gain abnormal returns.
Insider Information
Non-public information about a publicly-traded company that can provide a financial advantage in the stock market if acted upon.
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