If the financial markets are semistrong form efficient, then:
a only the most talented analysts can determine the true value of a security.
b. only individuals with private information have a marketplace advantage.
c. technical analysis provides the best tool to use to gain a marketplace advantage.
d. no one individual has an advantage in the marketplace.
e every security offers the same rate of return.

Which of the following statements are false regarding activity-based costing? non-manufacturing costs are important to include when calculating the cost of each product. costs are allocated based on a pre-determined overhead rate. transitioning from traditional costing methods to activity-based costing can be complicated and costly. activity-based costing follows the same basic calculation methods as traditional costing approaches. none of the above