Even if the markets are efficient, professional portfolio management is still important because it provides investors with: i. low-cost diversificationii. a portfolio with a specified risk leveliii. better risk-adjusted returns than an index

When partners own different portions of the business, the terms should be stated clearly in what document? the articles of incorporation the executive summary the business summary the partnership agreement

Below are the steps in the measurement process of external transactions. arrange them from first (1) to last (6). event step post transactions to the general ledger. assess whether the transaction results in a debit or credit to account balances. use source documents to identify accounts affected by an external transaction. analyze the impact of the transaction on the accounting equation. prepare a trial balance. record the transaction in a journal using debits and credits.

Adisadvantage of corporations is that shareholders have to pay on profits.