ACC 563 Week 4 Quiz – Strayer NEW
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Week 4 Quiz 3: Chapters 4 and 5
Chapter 4
Multiple Choice
1. Which
of the following research approaches emphasizes going from the specific to the
general?
a. Deductive
b. Behavioral
c. Inductive
d. Pragmatic
Answer
2. Which
of the following research approaches is based on the concept of utility or
usefulness?
a. Deductive
b. Behavioral
c. Inductive
d. Pragmatic
Answer
3. Which
of the following research approaches is attributed to DR Scott?
a. Deductive
b. Ethical
c. Inductive
d. Pragmatic
Answer
4. Which
of the following outcomes of providing accounting information is an attempt to
identify individual securities that are mispriced by reviewing all available
financial information?
a. Agency
theory
b. Efficient
markets
c. Fundamental
analysis
d. Capital
asset pricing model
Answer
5. Which
of the following outcomes of providing accounting information is an attempt to
deal with both risks and returns?
a. Agency
theory
b. Efficient
markets
c. Fundamental
analysis
d. Capital
asset pricing model
Answer
6. Which
of the following outcomes of providing accounting information is based on the supply and demand model
a. Agency
theory
b. Efficient
markets
c. Fundamental
analysis
d. Capital
asset pricing model
Answer
7. The
efficient market hypothesis holds that that financial markets price assets at
their intrinsic worth, given all available information. Which of the following
forms of the efficient market hypothesis defines all available information as
knowledge of past security prices?
a. Weak
b. Semi-weak
c. Semi-strong
d. Strong
Answer
8. The
efficient market hypothesis holds that that financial markets price assets at
their intrinsic worth, given all available information. Which of the following
forms of the efficient market hypothesis defines all available information as
all publicly available information including past stock prices?
a. Weak
b. Semi-weak
c. Semi-strong
d. Strong
Answer
9. The
efficient market hypothesis holds that that financial markets price assets at
their intrinsic worth, given all available information. Which of the following
forms of the efficient market hypothesis defines all available information as
information, including security price trends, publicly available information,
and insider information?
a. Weak
b. Semi-weak
c. Semi-strong
d. Strong
Answer
10. What
theory on the outcomes of providing accounting information attempts to answer
the question: What is an individual’s expected benefit from a particular course
of action?
a.
Agency theory
b.
Efficient markets
c.
Fundamental analysis
d.
Capital asset pricing model
Answer
11. Which
of the following is not viewed as a cost to the principal in an agency
relationship?
a.
Monitoring expenditures by the principal
b.
Monitoring expenditures by the agent
c.
Bonding expenditures by the agent
d.
The residual loss
Answer
12. What theory on the outcomes of
providing accounting information attempts to assess an individual’s ability to
use information?
a. Agency
theory
b. Efficient
markets
c. Human information processing
d. Capital
asset pricing model
Answer
13. Which
of the following is not a conclusion that has been drawn from human information
processing research?
a. An
individual’s perception of information is quite selective. That is, since
individuals are capable of comprehending only a small part of their
environment, their anticipation of what they expect to perceive about a
particular situation will determine to a large extent what they do perceive.
b. Since
individuals make decisions on the basis of a small part of the total
information available, they do not have the capacity to make optimal decisions
c. Individuals
are able to process and integrate large amounts of information simultaneously
d. Since
individuals are incapable of integrating a great deal of information, they
process information in a sequential fashion.
Answer
14. What
theory on the outcomes of providing accounting information rejects the view
that knowledge of accounting is grounded in objective principles
a. Agency
theory
b. Critical
perspective
c. Fundamental
analysis
d. Capital
asset pricing model
Answer
Essay
1.
Briefly describe the following research
approaches:
2.
What is fundamental analysis and what is
its goal?
3.
Describe the efficient market hypothesis
and its three forms.
4.
Discuss the capital asset pricing model
including the concepts of unsystematic risk, systematic risk and beta.
5.
Discuss the difference between normative
and positive accounting theory.
6.
What is the basic assumption of agency
theory? Why is the relationship between
shareholders and management an agency relationship?
7.
What is the goal of human information
processing studies? What are the genera findings of these studies and what is
the implication for accounting?
8.
Discuss the concept of critical
perspectives research in accounting.
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