Cash equivalents

A. include saving accounts
B. include checking accounts
C. are short-term, highly liquid investments
D. have no immediate value

Ans: C. are short-term, highly liquid investments

Business

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To protect the firm against the loss of earnings if the business operations are disrupted due to fire, accident, or some other insured peril a firm would purchase ________

A) property insurance B) key personnel insurance C) business liability insurance D) business interruption insurance

Business

For a small business, the mass-market approach is the best strategy

Indicate whether the statement is true or false

Business