Gerald Is Just Starting His First Term at College, and He

question 23

Multiple Choice

Gerald is just starting his first term at college, and he has developed a set of personal goals that he would like to achieve. Which of Gerald's goals is a short-term goal?

• A) opening his own investment firm
• B) studying for his economics class for an hour every night
• C) getting a full-time job as an investment analyst
• D) earning an MBA after getting his business degree

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Definitions:

Spare Parts

Components kept on hand for the purpose of repairing or maintaining machines or vehicles.

Third Parties

Entities or individuals that are not directly involved in a transaction or agreement but may be affected by or have an interest in its outcome.

Arbitraging

The practice of buying a good in one market at a lower price and selling it in another market at a higher price to profit from the price difference.

Price Discriminate

The practice of selling the same product or service at different prices to different customers, based on what the seller believes each customer is willing to pay.