Question: A . CEO decisions are irrelevant because the efficient market determines the value of a company's stock. B . The CEO's decision may have been

A. CEO decisions are irrelevant because the efficient market determines the value of a company's stock.
B. The CEO's decision may have been optimal, keeping the stock price from falling more than 5% for the year.
C. The CEO made a poor decision to expand because the company's profits for the year obviously decreased, causing the drop in stock price.
D. The CEO made a poor decision to expand because the stock price decreased during the year.
 A. CEO decisions are irrelevant because the efficient market determines the

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