7-- which one is false for capital asset pricing model (CAPM)?

A) CAPM assumes that only the systematic risk is rewarded in the market, and the unsystematic risk can be diversified by creating the market profolio

B) CAMP assumes the positive relation between risks and returns

C) CAMP can be used to forecast an expected return of individual security

D) CAMP has the same assumption of EMH as the fundamental analysis

10-- what is the current acronym for the body most responsible for issuing international accounting standards (IFRS)

A) IASB

B)SEC

C)FASB

D)IASC

11- which one is false?

A) the agency is defined as a relationship by consent between two parties, whereby one party agrees to act on behalf of the other

B) Agency theory assumes that a conflict of interest exists between the owners of a firm and the managers

C) Generally agency cost of a firm are nor controlled by firm itself

D) Financial reporting should provide the information for the potential agency cost of the firm

12-- which one shows the agency cost based on agency theory?

A) lower earnings figure

B) decrease in stock price

C)over investment of the firm's cash by managers

D) audit failure by external audito

13-- which of the following bodies has the ultimate authority to enforce accounting pronouncement in the united states?

A) securities and exchange commision

B)financial accounting standard board

C)international accounting standards committee

D) Internal revenue service

14---which of the following types of pronouncements are intended to establish the objectives and concepts that the FASB will use in developing standards of financial accounting and reporting?

A) Statement of financial accounting concepts

B) statements of financial accounting standards

C)APB opinios

D)Accounting standards updates

15-- which one is false?

A) Value is not always equal to the price in the market

B)value is determined by future cash flows that the asset generates

C) value is affected by owner's ability to operate the asset

D) value is determined by demands and supplies in the market