_______ is a short-term debt instrument issued only be well-known, creditworthy firms and is normally issued to provide liquidity or finance a firm's investment in inventory and accounts receivable.

A) A banker's acceptance
B) A repurchase agreement
C) Commercial paper
D) A Treasury bill

Ans: C) Commercial paper

Business

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A ________ is a measure of the performance of a group of stocks that represent the market or a sector of the market.

A) stock market index B) stock grouping C) market composite D) portfolio return E) none of the above

Business

Which of the following statements is false?

A. Betterment expenditures are a capital expenditure. B. Expenditures to acquire low-cost assets are revenue expenditures. C. Material additions to a plant asset are capital expenditures. D. Expenditures for ordinary repairs are a capital expenditure.

Business