Secondary markets help support primary markets because secondary markets
I. Offer primary market purchasers liquidity for their holdings
II. Update the price or value of the primary market claims
Il. Reduce the cost of trading the primary market claims
A ll only
B. I, Il, and II
C. l only
D. I and ll only

Amarket that consists of all possible consumers regardless of their specific needs or wants is a

Is exploiting a distinctive competence or improving efficiency for competitive advantage. (a) cooptation (b) coalition (c) competitive intelligence (d) competitive aggression (e) smoothing

Kirnon clinic uses client-visits as its measure of activity. during july, the clinic budgeted for 3,250 client-visits, but its actual level of activity was 3,160 client-visits. the clinic has provided the following data concerning the formulas to be used in its budgeting: fixed element per month variable element per client-visitrevenue - $ 39.10personnel expenses $ 35,100 $ 10.30medical supplies 1,100 7.10occupancy expenses 8,100 1.10administrative expenses 5,100 0.20total expenses $ 49,400 $ 18.70the activity variance for net operating income in july would be closest to: