Theorems
Definitions
Concepts
100
This theorem was explained using peas.
What is Bayes Theorem?
100
Occurs when one party has access to information that other parties do not.
What is asymmetry of information?
100
"Taking a bath" and income smoothing an examples of.
What is earnings management
200
A result of a non-cooperative game, where neither party has anything to gain by changing their strategy.
What is nash equilibrium
200
This type of risk cannot be avoided through diversification.
What is systematic risk?
200
The two different measures of current values.
What are value in use, and fair value?
300
Management make accounting decisions to maximize their interests and/or those of the firm using this theory.
What is positive accounting theory?
300
The total satisfaction received for consuming a good or a service? (√$)
What is utility?
300
This concept refers to the volatility of a stock in relationship to the market.
What is Beta?
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