Each of the Following Is Correct Regarding Bonds Except That

question 165

Multiple Choice

Each of the following is correct regarding bonds except that they are

• A)a form of interest-bearing notes payable.
• B)attractive to many investors.
• C)issued by corporations and governmental agencies.
• D)sold in large denominations.

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Definitions:

Natural Resources

Raw materials and components found in the environment that can be used for economic gain, such as minerals, forests, water, and land.

Final Goods and Services

Goods and services sold to final, or end, users.

Entrepreneurial Ability

Entrepreneurial ability involves the skills and qualities that enable an individual to identify opportunities, take risks, and organize resources effectively to start and manage a business.

Sole Proprietorship

A business owned and managed by a single individual, with personal responsibility for all debts and legal actions.