256. For any or lower degree of risk, highest or any expected return are concepts use in

by
A) risky portfolios
B) behavior portfolios
C) inefficient portfolios
D) efficient portfolios
✅ ANSWER: D
For any or lower degree of risk, highest or any expected return are concepts use in efficient portfolios. An efficient portfolio, also known as an ‘optimal portfolio’, is one that provides that best expected return on a given level of risk, or alternatively, the minimum risk for a given expected return.

249. If the dispersion around a security’s return is larger ____________.

by
A) the expected return is smaller
B) the standard deviation is smaller
C) the stock’s price is higher
D) the security’s risk is higher
✅ ANSWER: D
If the dispersion around a security’s return is larger the security’s risk is higher. A security risk assessment identifies, assesses, and implements key security controls in applications.

246. A joint cost allocation method is based on relative value of total sales, at point of split off is classified as

by
A) sales value at split off method
B) joint costs at split off point method
C) joint products value at split off method
D) main product cost at split off method
✅ ANSWER: A
A joint cost allocation method is based on relative value of total sales, at point of split off is classified as sales value at split off method. The split-off point is the point at which joint production stops and processing for separate products begins.

30. What is depreciation?

by
A) Cost of a fixed asset
B) Cost of a fixed asset’s repair
C) The residual value of a fixed asset
D) Portion of a fixed asset’s cost consumed during the current accounting period
✅ ANSWER: D
Portion of a fixed asset’s cost consumed during the current accounting period is known as depreciation. Depreciation is an accounting method of allocating the cost of a tangible asset over its useful life and is used to account for declines in value. Businesses depreciate long-term assets for both tax and accounting purposes.

277. Legal entity separation from its legal owners and managers with help of state laws is classified as

by
A) controlled corporate business
B) Corporation
C) limited corporate business
D) unlimited corporate business
✅ ANSWER: B
Legal entity separation from its legal owners and managers with help of state laws is classified as Corporation. A corporation is a legal entity that is separate and distinct from its owners. Corporations enjoy most of the rights and responsibilities that individuals possess: they can enter contracts, loan and borrow money, sue and be sued, hire employees, own assets and pay taxes.