multiple choices with out explanation.

Revision Questions (MCO) 1- Financial reporting for publicly-listed companies in the United States was first regulated in the 1950s. a True b- False 2- The economic theory of agency predicts and explains the behavior of parties involved with the firm a- True b- False 3- According to signaling theory, firms have an economic incentive to report bad news. a- True b- False 4- Noise traders are the individuals who do not necessarily respond in a completely rational way in terms of responding to new information in terms of their trading habits. There may be rebalancing their portfolios, responding to liquidity shocks or even acting upon whims. a. True b- False 5- Can risk be reduced by holding a portfolio of investments? - True b- False 6- Which of the following concepts provides a framework for analyzing financial reporting incentives between managers and owners? - Signaling theory b- Agency theory C-Information symmetry 7. Which of the following is not an argument supporting unregulated markets? a- Agency theory b- Signaling theory c- Social goals 16- Discuss the differences between inductive vs deductive reasoning? 17- Define positive accounting