Tom was disabled and unable to work. Before he was able to collect benefits under his disability income insurance policy, he was required to serve a two-week period during which no benefits were paid. This two-week period is called a(n):

Used by companies to hedge exposures to cash flow risk, which results from the variability in cash flows. Companies account for derivatives used in cash flow hedges at fair value on the balance sheet, but they record gains or losses in equity, as part of other comprehensive income.

(a) arbitrageurs (b) cash flow hedge (c) Fair Value Adjustment (d) held-to-maturity securities

In a report designed to organize a new task force, the close should

A) identify the report's authors. B) include an analysis of the data you've presented. C) list the action that you would like readers to take. D) discuss why the report was written. E) describe how tasks will be broken down.