Long-term investments ________
A) include all debt securities that are trading investments or held-to-maturity investments
B) are investments in debt and equity securities that are highly liquid and that the investor intends to sell in one year or less
C) include debt and equity securities that the investor expects to hold longer than one year or debt or equity securities that are not readily marketable
D) are investments in debt securities or equity securities in which the investor holds less than 20 percent of the voting stock and that the investor plans to sell in the very near future
C
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A broker who is asked to not reveal a material defect is obligated to follow the seller's direction.
a. true b. false
In high-technology companies, there is an inordinate focus on the technology and product features rather than the customer and the benefits sought because:
A) products sell better with focus on technology than with focus on customers. B) high-technology companies are usually founded and run by engineers. C) these companies invest huge amounts in innovation and have the ability to create entire product classes. D) they believe that customers are not aware of the technological innovations that they are capable of.