The UNFCCC works on the "cap-and-trade" principle

Zippy Construction Ltd. has been experiencing extremely tough competition in recent months for its specialty housing components. Fred Farkle, President of Zippy Construction, was reading the latest industry statistics on overall sales of specialty components and noted that revenues had plateaued. It is likely that Mr. Farkle was facing which stage of the product life cycle?

a. maturity b. introduction c. growth d. decay

Which of the following are advantages of owning bonds? I. diversification properties II. higher long-term returns than equity holdings III. current income IV. lower risk than stocks

A) I and II only B) I, III and IV only C) I, II and III only D) I, II, III and IV