Describe your short-term investments and how they affect your personal budget, income statement, and balance sheet in terms of return and liquidity
What will be an ideal response?
Answer: This is a subjective answer. A checking account, NOW account, MMDA, savings account, CD, T-bills, and MMF are all investments. The higher the return, the greater the wealth. However, liquidity is also a factor that should be balanced with return.
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Frantic House Partners, L.L.C., does home remodeling and repair. The firm does not accept jobs that require the installation of slate or copper roofing because these materials often require costly post installation services. The firm's risk exposure to costly post-installation services is
A) reduced. B) shared. C) avoided. D) accepted.
The systems view is associated with which of the following perspectives of quality?
A) operations B) engineering C) marketing D) strategic management E) financial