Critics of Affirmative Action Claim That It Amounts To

question 34

Multiple Choice

Critics of affirmative action claim that it amounts to:

• A) Setting up reverse discrimination against white males
• B) Improving the quality of workforces and student bodies
• C) A quota system to keep minorities out of organizations
• D) Discrimination against women and homosexuals

Determine the expected rate of return on securities using CAPM.

Explain the significance of beta in measuring a security's market risk.

Interpret the Security Market Line (SML) and its implications for asset pricing.

Distinguish between overpriced and underpriced securities in the context of CAPM.

---

Definitions:

Operating Cycle

Average time it takes to buy and sell merchandise and then collect accounts receivable.

Financial Statements

Financial statements are formal records that outline the financial activities and condition of a business, entity, or individual, encompassing the balance sheet, income statement, and cash flow statement.

General Journal

The primary bookkeeping record in double-entry accounting, used to record all transactions by date, before they are posted to individual accounts in the general ledger.

Book of Original Entry

The Book of Original Entry refers to the initial record where financial transactions are documented chronologically.