Long-Term Investments Include

question 56

Multiple Choice

Long-term investments include:

• A)Investments in bonds and stocks that are not readily convertible to cash or not intended to be converted to cash in the short term.
• B)Investments in marketable stocks that are intended to be converted into cash in the short-term.
• C)Investments in marketable bonds that are intended to be converted into cash in the short-term.
• D)Only investments readily convertible to cash.
• E)Investments intended to be converted to cash within one year.

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Definitions:

Income

The flow of cash or its equivalent received from work or investments over time.

Investment

The allocation of resources, usually financial, to assets or projects expected to generate future profits or benefits.

Exxon-Mobil

An American multinational oil and gas corporation that was formed by the merger of Exxon and Mobil in 1999, one of the largest publicly traded oil and gas companies by market capitalization.

Oil Rigs

Structures used for drilling wells to extract oil and gas from underground reservoirs.