The main purpose of a bond ladder is to

A) lessen the effects of changes in interest rates.
B) achieve the highest level of capital gains possible.
C) maintain a highly liquid portfolio.
D) offset the effects of bond duration.


Answer: A

Business

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Which of the following does not relate to The Public Company Accounting Oversight Board (PCAOB)?

a. Two members of the board must be CPAs. b. In addition to appointing the five members of the PCAOB, the SEC is responsible for the oversight and enforcement authority over the Board. c. The PCAOB consists of five members appointed by the SEC. d. The PCAOB is to adopt auditing standards. e. The PCAOB is to adopt accounting standards.

Business

________ means that a message uses no more words than are necessary to accomplish its purpose

A) Clarity B) Appropriateness C) Substitutability D) Conciseness E) Ethics

Business

When one nation is less efficient than another nation in the production of each of two goods, the less efficient nation has a ____________ in the production of that good for which its absolute disadvantage is less.

What will be an ideal response?

Business

Progressive Auto reduces its costs primarily through a shortened response time, which decreases the likelihood of legal involvement

Indicate whether the statement is true or false

Business