Appraisal costs are costs incurred . A. after the company delivers poorminus quality goods or services to customers and then has to make things right with the customer B. to detect poor minus quality materials, goods, or services C. when the company corrects poorminusquality goods or services before delivery to customers D. to avoid poorminusquality goods or services

Security prices are set by active market participants. which of the following is not a consequnce of this fact? a. the market price will be set by the buyer who can take best advantage of the asset. b. the price is set by the buyer willing to pay the highest price. c. superior information about an asset can increase its value by reducing its risk. d. market participants have a strong incentive to reveal private information about a security.