1. An efficient market is one where ________.
(a) prices of stocks move up and down widely without apparent reason
(b) prices of stocks remain low for long periods of time
(c) prices of stocks are unaffected by market news
(d) the price of a security is an unbiased estimate of its true value
2. The 2002 Sarbanes-Oxley Act was designed to ________.
(a) eliminate the many disclosure and conflict-of-interest problems of corporations
(b) provide uniform international accounting standards
(c) limit the compensation that could be paid to corporate CEOs
(d) provide the guidelines to minimize the tax