When a corporation designs an investment strategy for investing temporary excess cash balances in
marketable securities, it must consider a variety of factors. Which of the following is the most
important?
A) illiquidity B) achieving the highest yield
C) maintaining the safety of principal D) maintaining the greatest float
C
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Order entry is the initial function in the revenue cycle.
Answer the following statement true (T) or false (F)
Skillful questioning is the best way to overcome which of the following barriers to effective communication?
A. differing intentions B. bias C. final impressions D. organizational size
Herndon Brothers Inc produces a variety of "all natural" household cleaning supplies that it manufactures and distributes to various grocery stores along the west coast. Which of the following types of costs would most likely be a unit-level cost?
A) A package product design cost B) A machine setup cost C) Depreciation on the factory building D) Energy costs for factory machinery
When you purchase a product that is sold "as is," the product is
A) subject to the guarantees as stated in a written document. B) not covered by either an implied nor express warranty. C) only covered by an implied warranty. D) provided lemon protection.