Use the Table for the Question(s)below

question 103

Multiple Choice

Use the table for the question(s) below.
Consider the following expected returns,volatilities,and correlations:
-The volatility of a portfolio that is equally invested in Duke Energy and Microsoft is closest to:

• A)8%.
• B)9%.
• C)11%.
• D)6%.

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Definitions:

Material Price Variances

The difference between the actual cost of direct materials and the standard cost, multiplied by the quantity of materials purchased.

Purchasing Department

A division within a company that is responsible for procuring goods and services necessary for the company’s operations.

Material Price Variances

Material price variances represent the difference between the actual cost of raw materials used in production and the expected or standard cost.

Sales Department

The division within a company responsible for the sale of products and services, including marketing and customer relations.