When a household borrows using credit cards and by taking out loans for large purchases (such as automobiles), the resulting security is known as
A. a discount bond.
B. a Treasury bill.
C. mortgage debt.
D. consumer credit.
Answer: D
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A new manufacturing machine is expected to cost $278,000, have an eight-year life, and a $30,000 salvage value. The machine will yield an annual incremental after-tax income of $35,000 after deducting the straight-line depreciation. Compute the accounting rate of return for the investment.
A. 23.4%. B. 12.2%. C. 24.5%. D. 22.7%. E. 46.9%.
Which of the following is likely to be part of a situation analysis?
A. A marketing researcher asks a trade association for one of its reports. B. A marketing analyst reviews company files for data. C. A marketing manager searches USA.gov. D. All these answers are correct.
Molly shoots Norm with Opal's pistol. The proximate cause of Norm being shot is most likely attributable to
A. Molly and Opal. B. Molly only. C. Opal only. D. neither Molly nor Opal.
Which of the following characteristics describes the decline stage of the product life cycle?
A) Managers need to worry about expanding the distribution effort. B) There is the huge risk that the product may be rejected in the marketplace. C) Demand for the product may be high. D) Managers scale down relevant inventory, supplies, and personnel. E) Managers need to institute efficiencies to maintain the product's profitability.