Which of the following statements related to CVP chart is not true? a. None of the given answers. O b. The intercept between the total cost line on a graph and the y-axis determines the fixed cost. O c. To calculate the total fixed cost from a graph is by multiplying a level of volume by the variable cost per unit found out earlier and subtracting that from the total cost for that level of volume. d. To determine the variable cost per unit from a graph, the change in cost is divided by the change in units. The scatter graph method is a way to estimate the cost behavior by graphically connecting O e. the two cost amounts identified with the highest and lowest volume levels. f. The slope of the total cost line determines the variable cost per unit.

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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.