Which one of the following statements differentiates semi-strong form efficiency from strong form efficiency in the context of the efficient market hypothesis?

• A.Semi-strong form efficiency does not reflect knowledge whereas strong form efficiency considers knowledge in addition to publicly available information and past price movements.
• B.Semi-strong form efficiency reflects all past price movements whereas strong form efficiency reflects future share price movements.
• C.Semi-strong form efficiency does not reflect all publicly available information whereas strong form efficiency does incorporate all publicly available information.
• D.Semi-strong form efficiency addresses operational efficiency whereas strong form efficiency aims to address allocative efficiency.

Comment: *

Name: *

Email: *

Verification: *

The Framework for the Preparation and Presentation of Financial Statements which assists the development of the International Financial Reporting Standards (IFRS) was originally approved by the

• A.International Federation of Accountants (IFAC).
• B.International Accounting Standards Committee (IASC).
• C.IFRS Interpretations Committee (IFRIC).
• D.International Accounting Standards Board (IASB).

Comment: *

Name: *

Email: *

Verification: *

An example of voluntary reporting in Australia is a

• A.statement of cash flows.
• B.statement of financial position.
• C.statement of comprehensive income.
• D.sustainability report.

Comment: *

Name: *

Email: *

Verification: *

Which of the following represents a principal-agent relationship?
I.
shareholders-auditors
II.
shareholders-management
III.
security exchange-company
IV.
board of directors-employees

• A.II, III and IV only
• B.I, II, III and IV
• C.I, II and III only
• D.I, II and IV only

Comment: *

Name: *

Email: *

Verification: *

In a strong efficient market, the finance manager will

• A.maximise the net present value of the firm's investments.
• B.employ analysts to determine the best time to issue shares.
• C.develop strategies to disclose the company's profit or loss.
• D.analyse historical data on takeover targets.

Comment: *

Name: *

Email: *

Verification: *