Long-Term Investments

question 21

Multiple Choice

Long-term investments:

• A) Are current assets.
• B) Include funds earmarked for a special purpose such as bond sinking funds.
• C) Must be readily convertible to cash.
• D) Are expected to be converted into cash within one year.
• E) Include only equity securities.

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Definitions:

Minimum Wages

The lowest legal hourly rate of pay that employers can compensate workers, as mandated by federal or state law.

Defined Benefit Plans

A type of pension plan where an employer promises a specified pension payment upon retirement, based on an employee's earnings history, tenure of service, and age.

Civil Rights Act

A landmark piece of federal legislation in the United States that outlaws discrimination based on race, color, religion, sex, or national origin.

Woman Engineer

A female professional engaged in the practice of engineering, which involves the application of scientific principles to design, develop, and maintain structures, machines, materials, systems, and processes.