Long-term investments ________.
A) include all trading debt investments and held-to-maturity debt investments
B) are investments in debt and equity securities that are readily marketable and that the investor intends to sell in one year or less
C) include debt and equity securities that the investor expects to hold longer than one year or debt or equity securities that are not readily marketable
D) are investments in debt securities or equity securities in which the investor holds less than 20 percent of the voting stock and that the investor plans to sell in the very near future
C) include debt and equity securities that the investor expects to hold longer than one year or debt or equity securities that are not readily marketable
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How did Adam Smith define self-interest?
a. the application of ethical standards to the gathering of wealth b. concern only for the self c. concern for self in relation to others d. the pursuit of wealth and happiness
When a prospect has voiced an objection, it is most likely best for the salesperson to:
A) suggest postponing the negotiations B) divert attention to a product feature C) illustrate the product's high quality D) deny the accuracy of the objection E) clarify the true nature of the problem
A criticism of the individualistic/collectivistic paradigm is which of the following?
a. It is not applied equally to all cultures. b. It does not allow for both individualistic and collectivistic values to coexist in the same culture. c. It only measures qualitative variables. d. Quantitative variables are only allowed for the individualistic cultures.
Reed, a 15-year-old, has run out of money while on a trip away from home. Martha gives him food, a place to sleep, and his bus fare home, in exchange for Reed's promise to pay $200 after he got home. Is Reed's promise enforceable?