Diversification of a Portfolio

question 118

Multiple Choice

Diversification of a portfolio

• A)can eliminate market risk,but it cannot eliminate firm-specific risk.
• B)can eliminate firm-specific risk,but it cannot eliminate market risk.
• C)increases the portfolio's standard deviation.
• D)is not necessary for a person who is risk averse.

Interpret job cost sheets and the accumulation of costs for individual jobs.

Calculate the total manufacturing overhead based on estimated and actual activities.

Understand the relationship between direct labor cost and manufacturing overhead in costing jobs.

Understand the concept and calculation of manufacturing overhead.