Prices Usually Reflect

question 69

Multiple Choice

Prices usually reflect

• A)only the value of a good to society.
• B)only the cost to society of making a good.
• C)both the value of a good to society and the cost to society of making the good.
• D)neither the value of a good to society nor the cost to society of making the good.

Distinguish between income categories as defined in the Conceptual Framework.

Understand required disclosures under revenue recognition standards.

Understand the basic structure and types of investment vehicles, including mutual funds, closed-end funds, and REITs.

Calculate and interpret the net asset value (NAV) of mutual funds.