The Old Adage That "A Bird in the Hand Is

question 94

Multiple Choice

The old adage that "a bird in the hand is worth two in the bush" refers to

• A)a normal good
• B)opportunity cost
• C)scarcity
• D)a positive rate of time preference
• E)a willingness to forgo current consumption in order to achieve increased future consumption

---

Definitions:

Return On Equity

An indicator of how effectively a company uses investor funds to produce profit growth, determined by dividing the net income by the equity of shareholders.

Inventory Turnover

A measure of how many times a company's inventory is sold and replaced over a certain period of time.

Interval Measure

A statistical metric used to express the amount of variance or uncertainty between data points in a series.

Receivable Turnover

A financial ratio that measures how efficiently a company uses its assets by calculating how many times a company can turn its accounts receivable into cash during a period.