Question 2 Ordering costs are those incurred every time an order is placed such as clerical costs involved in the preparation of purchase requisition and purchase orders, in the follow up on orders and in receiving the goods, cost of manhours expended on canvassing of prices and differential freight-in costs. True False

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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.