A Time Series That Shows a Recurring Pattern Over One

question 26

Multiple Choice

A time series that shows a recurring pattern over one year or less is said to follow a

• A)horizontal pattern.
• B)stationary pattern.
• C)cyclical pattern.
• D)seasonal pattern.

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Definitions:

Cash

The most liquid asset, representing currency or its equivalent that can be accessed immediately or near-immediately.

Interest-Bearing Note

A debt instrument where the borrower pays the lender interest over the life of the note, in addition to repaying the principal amount.

Long-Term Debt

Borrowings of a business that are due for repayment more than one year in the future.

Sales Tax Rate

The percentage of sales price that is added to the price of goods and services sold, collected by the seller and remitted to a governmental tax authority.