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According to Hubbard,Rice and Galvin,one of the Reasons for a Single

question 17

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According to Hubbard,Rice and Galvin,one of the reasons for a single business wanting to diversify is that:


Definitions:

Corporate Stock

Shares representing ownership in a corporation, giving shareholders a claim on part of the company's assets and earnings.

Credit Card

A financial instrument that allows the cardholder to borrow funds from a pre-approved limit to pay for goods and services.

Money Supply

The entire sum of monetary holdings accessible in an economy at a certain period.

Travelers Checks

Preprinted, fixed-amount checks designed to allow the person signing them to make payments or exchange for local currency, used mainly by travelers to protect against theft or loss.

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