You are 25 years old and saving for an early retirement. Assuming you have a high risk tolerance, which of the following can best help you reach your goal of retiring early?
A) Municipal bond fund
B) Money market securities
C) Common stock
D) Certificates of deposit
Answer: C
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If you purchase a stock option, the option allows you to
A) buy stock at a stated price. B) buy stock at the current market price. C) sell stock at a stated price. D) sell stock at the current market price.
All of the following are nonforfeiture options found in cash value life insurance policies EXCEPT
A) cash value. B) reduction of premiums. C) reduced paid-up insurance. D) extended term insurance.
What is the term given to National Basketball Association players ceasing to play when they were unable to negotiate a suitable contract, and continuing to sit out rather than play until an agreement could be reached?
A. Embargo B. Strike C. Boycott D. Collective bargaining E. Walkout
In general, revenue is recognized when
A. Goods are shipped. B. It is earned and realized. C. It is recorded in the sales journal. D. It is received in cash.