Which One of the Following Is Not Considered to Be

question 59

Multiple Choice

Which one of the following is not considered to be a cash equivalent?

• A) Corporate commercial paper due in 90 days after purchase
• B) U.S.Treasury bills with an original maturity of six months
• C) A money market account with a stock brokerage firm
• D) A certificate of deposit with a term of 75 days when acquired

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Definitions:

Pricing Strategy

A method or model used by businesses to set the selling price for their products or services, taking into account factors like cost, competition, target market, and overall business objectives.

Upscale Running Gear

refers to high-quality, often expensive, running attire and equipment designed for serious or professional athletes seeking performance improvement.

Prestige Product

High-quality goods that are sold at a high price, often seen as status symbols, and used to convey a sense of exclusivity or luxury.

Hermès

A French luxury goods manufacturer known for its high-quality leather goods, lifestyle accessories, perfumery, and ready-to-wear.