26) are that specified risks in exchange for a fee, called a premium. t protect their clients against financial losses from certain 26) A) Insurance companies B) Commercial banks C) Investment banks D) Mutual savings banks E) Finance companies 7) For money to serve effectively as a measure of value, all items must be valued in terms of comparable units. Which of the following characteristics of money does this 27) statement reflect? A) stability B) portability C) divisibility D) acceptability E) durability 28) Sprocket and Widget is a garment manufacturing company. Which of the following 28) would be a fixed asset for Sprocket and Widget? A) $1000 trade credit B) office furniture C) U.S. Treasury bills D) temporary workers E) $5,000 in Treasury bills 29) A boat manufacturer orders 50 units of fiberglass material and promises to pay the supplier at a later date. The boat manufacturer will record the amount to be paid as 29) A) a secured loan. B) accounts payable. C) a Treasury bill. D) a serial bond. E) accounts receivable. 30) The board of directors of a leading automobile company wants to opt for an investment is the board most likely to project that has the least risk. Which of the following projects undertake? A) expanding their automobile business into a new market B) introducing a new car in a new market C) buying new manufacturing equipment D) adding a new car to their existing line of automobiles E) repairing the old manufacturing equipment