All of the following are characteristics of a well functioning securities market EXCEPT:（）
A: Internal information efficiency which can lead to variable transaction costs.
B: It would provide liquidity (marketability, price continuity, and depth).
C: It would provide internal and external efficiency.
A: Internal information efficiency which can lead to variable transaction costs.
B: It would provide liquidity (marketability, price continuity, and depth).
C: It would provide internal and external efficiency.
举一反三
- Money market securities have all the following characteristics except they are not _________
- all of the following are internal control procedures except A: Sarbanes-Oxley reforms B: assignment of responsibilities C: internal and external audits D: adequate records
- An analyst does research about tradingsessions. Which of the following statements is most accurate to describe the characteristics of a call market（） A: Dealers who provide securities liquidity engage in proprietary trading. B: Gathering all trades to the same place at the same time makes it easier for buyers to find sellers and vice versa. C: A willing buyer and seller can trade at anytime the market is open.
- In which of the following traditional organizational designs does duplication of activities and resources lead to an increase in costs and reduced efficiency?
- Which of the following statements is false？（ ） A: Financial accounting information can be used for internal reporting purposes. B: Cost accounting can only be used to provide inventory valuations for internal reporting. C: Management accounting provides information relevant to decision making, planning, control and evaluation of performances. D: Routine information can be used to make decisions regarding both the long term and the short term.