Money-market mutual funds (MMMFs) provide an alternative to traditional liquid investments offered by financial institutions. What are/is the advantage(s) of an MMMF?
A) High interest rates
B) Check-writing privileges
C) Minimal risk
D) Convenience—deposits made through payroll deductions
E) All of the above are correct.
Answer: E
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Ruth Terry is a realtor. In her ads, Terry offers the free use of a moving truck to every customer she helps either buy or sell a house. This free use of a moving truck is an example of ________
A) the creation of value B) a perceived need C) a demand D) social responsibility E) customer lifetime value
William Petty's article on harvesting notes that entrepreneurs will have ________
A) Chances to sell the business, take it public, or merge throughout the life of the business B) Only one chance to harvest their investment in their firm C) A chance to sell and a chance to merge, but this typically occurs within the first two years of the life of the business D) All of the above E) None of the above