Question 1 (True or False): A classic test of whether markets are efficient at the Weak-Form level is to develop event studies to observe market reactions to significant events such as deal announcements, an announced dividend cut as examples.

Question 2 (True or False): Generally speaking, managers especially those who make decisions on acquisitions tend to be overconfident and overly optimistic at least when compared to the average person. These characteristics can lead to initiating too many deals. (1 point)

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