The Record of Investing in U

question 6

Multiple Choice

The record of investing in U.S.-based stock mutual funds

• A)shows that the movements of the U.S.stock market account for about 20 percent of the fluctuations of the value of U.S.-based stock mutual funds.
• B)shows that the talent of individual portfolio managers accounts for about 90 percent of the fluctuations of the value of U.S.-based stock mutual funds-luck the other ten percent.
• C)shows that the movements of the U.S.stock market account for about 90 percent of the fluctuations of the value of U.S.-based stock mutual funds.
• D)none of the options

Calculate and analyze variances between planning and actual budgets.

Interpret the financial impact of changes in production levels or service activity on direct materials, labor, and overhead costs.

Evaluate the effect of activity level changes on net operating income.

Understand the role of fixed and variable costs in budget planning and control.

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Definitions:

Externality

In economics, a cost or benefit resulting from an activity that affects individuals or entities who did not choose to be involved in the situation.

Causal Attributions

involves the process by which individuals assign causes to behaviors and events, affecting how they perceive and react to situations.

Basic Model

A simplified representation or prototype that serves as the starting point for understanding complex systems or concepts.

Internal And External

Describes factors or influences that originate from within an entity (internal) or from the outside environment (external).