Assume That You Are Embarking on a Test of the Small-Firm

question 145

Multiple Choice

Assume that you are embarking on a test of the small-firm effect using APT. You form 10 size-based portfolios. Which of the following finding would suggest that there is evidence supporting APT?

• A) The top five size-based portfolios should have excess returns that exceed the bottom five size based portfolios.
• B) The bottom five size-based portfolios should have excess returns that exceed the top five size-based portfolios.
• C) The ten portfolios must have excess returns not significantly different from zero.
• D) The ten portfolios must have excess returns significantly different from zero.
• E) None of these are correct.

Recognize the impact of organized crime on society and its historical development.

Identify the characteristics that distinguish professional robbers from amateur ones.

Distinguish between property crimes and violent crimes.

Explain the role of prohibition in the evolution of organized crime.

---

Definitions:

Repeating Decimal

A decimal in which one or more digits after the decimal point are repeated infinitely.

Percent Equivalent

A value expressed as a percentage that represents the proportion or ratio of two numbers in relation to each other.

Four-Figure Accuracy

A level of precision in numerical computation where the result is rounded to four significant digits.

Five-Figure Accuracy

Describes precision to five significant digits in numerical representation, ensuring a high degree of accuracy in calculations or measurements.