10/10 السؤال الرابع: * Production Budget 1st 2nd 3rd 4th Quarter Quarter Quarter Quarter Expected sales 7,000 5,000 8,000 6,000 Units 6,800 -To be determined- produced The previous year's 4th quarter ending inventory of 700 units meets the minimum requirement & end inventory 10% from next month. The expected production in the current 2nd Quarter is: a. 5,300 units b. 6,800 units C. 4,500 units d. 5,000 units

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Market Efficiency

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing them. When the quality and quantity of information increase, the market becomes more efficient, allowing it to reduce arbitrage and obtain higher market returns from investment. In a well-functioning market, everyone receives all information completely and immediately at no cost. It opens up a plethora of opportunities for investors to access various investment options.