Who Purchased the Correct Asset to Meet Their Objective

question 102

Multiple Choice

Who purchased the correct asset to meet their objective?

• A) Becky wanted to be a part owner of the Main Event party store, so she purchased a bond issued by the Main Event party store.
• B) Ashvin wanted a high return even if it meant taking some risk, so he purchased shares issued by West Wind Power instead of bonds issued by West Wind Power.
• C) Shannon wanted to buy equity in Apple, so she purchased bonds sold by Apple.
• D) Jim wanted to lend money at a specified rate of interest to Shopify, so he purchased Shopify shares.

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Definitions:

Order For Relief

A court order in a bankruptcy case that allows the commencement of bankruptcy proceedings and the administration of the debtor's estate by a trustee.

Four-Year

A term typically related to a period of time, such as the duration of an undergraduate degree or the length of certain contracts.

Faking Records

The act of unlawfully altering or fabricating documents or records, often for deceptive purposes.

Concealing Assets

The act of hiding or failing to disclose assets to avoid legal responsibilities or to deceive creditors or other parties.