Stewart is a fellow finance student at your school who is addicted to day trading and thus buys and sells stocks between classes and over his lunch break

Stewart is a fellow finance student at your school who is addicted to day trading and thus buys and sells stocks between classes and over his lunch break. He never has time to really analyze a security so just trades the stock symbols that other investors appear to be trading. Stewart is which one of the following?    A.  noise trader B.  arbitrageur C.  crasher D.  regret averter E.  myopic loss averter Refer to section 22.5

11.	Which one of the following is an investment risk that investors face in addition to firm-based risk and market-based risk?    A.  management-related risk B.  inflation risk C.  supply chain risk D.  interest rate risk E.  sentiment-based risk Refer to section 22.5

12.	Most people would tend to agree that technology stocks were highly overvalued in the late 1990's. This time period is best described as a technology:    A.  crash. B.  circle. C.  bubble. D.  limit. E.  arbitrage. Refer to section 22.5

13.	A sudden and severe decline in market prices is best described as a market:    A.  crash. B.  revolver. C.  bubble. D.  limit. E.  mispricing. Refer to section 22.5

14.

Which one of the following best illustrates an error which you, as a manager, might make due to overconfidence?    A.  overestimating the best outcome expected from a project while underestimating the possibility of a less favorable outcome B.  assuming that a new project will be profitable since similar projects in the past were successful C.  assuming that your expectations of the future outcome from a project are more accurate than the expectations of others within your organization D.  listening to the advice of subordinates with whom you agree while ignoring the advice of subordinates with whom you tend to disagree E.  downplaying the cost of future failure of an existing project since the project has already paid for itself Refer to section 22.2