Bond funds differ from individual bond purchases in that

A) bond funds offer less liquidity than individual bonds.
B) with a bond fund, you don't get professional management.
C) the bond fund doesn't mature as individual bonds do.
D) all of the above.

Answer: C

Business

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Consider the following constraint that needs to be expressed as a goal:

3X1 + 4X2 ? 11. The correct format is: A) 3X1 + 4X2 - d1- + d1+ = 11 B) 3X1 + 4X2 + d1- - d1+ = 11 C) 3X1 + 4X2 + d1- - d1+ ? 11 D) 3X1 + 4X2 + d1- - d1+ ? 11 E) 3X1 + 4X2 + d1- - d1+ ? 11

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Which of the following reflects a crisis situation?

A) A highly ambiguous circumstance in which causes and effects are not known B) A rare and extraordinary event that can threaten the survival of the organization C) A surprise to organizational members D) all of the above

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