Laurie's Ice Rink Keeps an Extra $1,000 in Its Checking

question 9

Multiple Choice

Laurie's Ice Rink keeps an extra $1,000 in its checking account simply in case an emergency arises.Which type of motive for holding cash does this represent?

• A)Speculative
• B)Float requirement
• C)Transaction
• D)Precautionary
• E)Availability

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Definitions:

High Share

A significant portion or percentage of the total available market controlled by a particular company or product.

SBUs

Strategic Business Units are semi-autonomous units within larger organizations, focused on a specific market segment or product line and are responsible for their own strategy and profitability.

Slow-Growth Markets

Markets characterized by lower rates of growth compared to other markets, often due to market maturity or saturation.

Dominant Shares

Refers to the largest portion of market share controlled by one company, product, or entity, often indicating a position of market leadership or monopoly.