Which of the Following Is an Example of an Ultimate

question 129

Multiple Choice

Which of the following is an example of an ultimate consumer?

• A)a newspaper reporter who receives a plane ticket to Washington,D.C.to cover the presidential inauguration
• B)a school teacher who bought a ticket to the Summer Olympics opening ceremonies
• C)an office receptionist who renews the magazines that are found in the office waiting room
• D)a retailer who buys poster board to make signs for an upcoming store sale
• E)a landscaping firm employee who buys a new wheelbarrow to use to haul mulch

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Definitions:

Available-For-Sale

A classification for investments in securities that are not actively traded or held to maturity, allowing gains or losses to be recorded in equity.

Trading

The act of buying and selling securities, commodities, or other financial instruments in financial markets with the aim of profiting from price movements.

Trading Securities

Financial instruments that are purchased and held primarily for selling them in the near term, with the objective of generating profits on short-term price differences.

Available-For-Sale Securities

Debt or equity securities not classified as held-to-maturity or trading securities, measured at fair value with changes recognized in other comprehensive income.