Chapter 3 Self-Quiz

. The __________ heuristic is the tendency people have to place inordinate weight on easily recalled events and memorable personal experiences in their deliberations.

. Arthur Levitt, chairman of the Securities and Exchange Commission, thinks that what is at stake when companies begin to engage in managing their earnings?

. What is the term for a financial asset that should have been recognized in one financial

. Thomas Fischer, former managing partner for the Milwaukee office of Arthur

. What reason do Frederick and Hoffman offer in favor of restricting investors?

. What reason do Frederick and Hoffman offer against restricting investors?

. Frederick and Hoffman argue that, just as with prescription drugs, at-risk investors

. Financial markets are vulnerable to all of the following EXCEPT:

. According to Boatright, despite the fact that financial decision making is typically

. There are two principal harm-based arguments against insider trading. One is that the

. Many of the recent problems in derivatives markets have been where?

. The type of derivatives that seem to be the most troublesome are:

. Aristotle argues that ethical failures and unhappiness often result from:

. Farrell compares derivatives to the black market because:

. What could cause the "doomsday scenario" that McDonald describes?

. Fannie Mae, Ginnie Mae, and Freddie Mac were created to:

. Which of these is an example of a derivative?

. Money has no value in itself; its value is rather a representation of mutual trust.

. Many of today's most common basic types of business fraud have been around for centuries.

. According to Loomis, high-up employees who commit accounting fraud plan out their schemes in great detail before perpetrating the act.

. The dismantling of Arthur Andersen cost only 10,000 employees their jobs.

. Paternalism is an argument used to justify restricting the investments of at-risk investors.

. Frederick and Hoffman believe that some paternalistic acts are quite justified.

. Moore argues that information is a valuable thing and can usefully be viewed as a type of property.

. Moore argues that there is nothing wrong with insider trading.

. Warren Buffett called derivatives "a financial weapon of mass destruction."

. Farrell believes that derivatives could not have much effect on the world market.

. Hedge funds require time and careful study, and therefore it is rather difficult to make any money quickly by investing in them.

. In 2006, the total value of the stock market was higher than the economic output of the whole world.

. The __________ heuristic is the tendency people have to place inordinate weight on easily recalled events and memorable personal experiences in their deliberations.

. Arthur Levitt, chairman of the Securities and Exchange Commission, thinks that what is at stake when companies begin to engage in managing their earnings?

. What is the term for a financial asset that should have been recognized in one financial

. Thomas Fischer, former managing partner for the Milwaukee office of Arthur

. What reason do Frederick and Hoffman offer in favor of restricting investors?

. What reason do Frederick and Hoffman offer against restricting investors?

. Frederick and Hoffman argue that, just as with prescription drugs, at-risk investors

. Financial markets are vulnerable to all of the following EXCEPT:

. According to Boatright, despite the fact that financial decision making is typically

. There are two principal harm-based arguments against insider trading. One is that the

. Many of the recent problems in derivatives markets have been where?

. The type of derivatives that seem to be the most troublesome are:

. Aristotle argues that ethical failures and unhappiness often result from:

. Farrell compares derivatives to the black market because:

. What could cause the "doomsday scenario" that McDonald describes?

. Fannie Mae, Ginnie Mae, and Freddie Mac were created to:

. Which of these is an example of a derivative?

. Money has no value in itself; its value is rather a representation of mutual trust.

. Many of today's most common basic types of business fraud have been around for centuries.

. According to Loomis, high-up employees who commit accounting fraud plan out their schemes in great detail before perpetrating the act.

. The dismantling of Arthur Andersen cost only 10,000 employees their jobs.

. Paternalism is an argument used to justify restricting the investments of at-risk investors.

. Frederick and Hoffman believe that some paternalistic acts are quite justified.

. Moore argues that information is a valuable thing and can usefully be viewed as a type of property.

. Moore argues that there is nothing wrong with insider trading.

. Warren Buffett called derivatives "a financial weapon of mass destruction."

. Farrell believes that derivatives could not have much effect on the world market.

. Hedge funds require time and careful study, and therefore it is rather difficult to make any money quickly by investing in them.

. In 2006, the total value of the stock market was higher than the economic output of the whole world.

Back to top