Which of the Following Pairs of Terms Have the Same

question 274

Multiple Choice

Which of the following pairs of terms have the same extension?

• A) Human, human less than twenty feet tall.
• B) Resident of Paris, resident of London.
• C) Toyota, Honda.
• D) United Parcel Service, Federal Express.
• E) Collie, poodle.

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Definitions:

Trading Securities

Financial instruments that are purchased by a company not for long-term investment but rather for the purpose of earning a return through short-term price fluctuations.

Fair Value

An estimate of the price at which an asset or liability would be traded in a fair transaction between willing parties.

Financial Statements

Descriptions giving insight into a business's financial situation, covering the balance sheet, income statement, and cash flow statement.

Trading Investments

Securities bought and held primarily for selling them in the near term to generate income on short-term price differences.