Vasquez Construction Materials Company has a sales office that sells concrete culvert pipes to property developers. The sales office is a revenue center and prepares a monthly responsibility report. The following information is providec Revenue Center Responsibility Report Flexible Budget Variance Actual Sales Revenue $31,500 Flexible Budget $30,000 Sales Volume Variance Static Budget $40,800 Product Турe U/E U/F 40 inch 36 inch long 40,150 42,200 33,000 36 inch short 36,100 33,200 31,100 32 inch 19,000 20,300 28,400 What is the sales volume variance for the 36 - inch long pipe? O A. $2,050 U O B. $10,800 U Oc. $1,500 F O D. $9,200 F

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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.