The GLS Assumptions Include All of the Following, with the Exception

question 44

Multiple Choice

The GLS assumptions include all of the following, with the exception of

• A)the X_i are fixed in repeated samples.
• B)X_i and u_i have nonzero finite fourth moments.
• C)E(U \(U'\) \(|X\) )= ?(X), where ?(X)is n × n matrix-valued that can depend on X.
• D)E(U \(|X\) )= 0_n.

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Definitions:

Operating Segments

Business units of a corporation that generate revenues and incur expenses, and for which separate financial information is available and evaluated regularly by the chief decision maker.

Reportable

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Operating Segment

A component of a company that engages in business activities from which it may earn revenues and incur expenses, including revenues and expenses related to transactions with other components of the same company.

Consolidated Assets

The total assets of a parent company and its subsidiaries, combined into one financial statement as if they were a single entity.