Acomparison of an interest-bearing checking account and a savings account reveals that: while a now account pays interest, a savings account does not. a now account must be held to maturity, while funds in a savings account are available on demand. deposits in checking accounts are technically demand deposits, but deposits in savings accounts are time deposits. interest earned on now accounts is tax deductible, while interest earned on passbook savings accounts is taxable income.

Phoenix guitars is interested in pursuing backward integration to take greater ownership of the extraction of raw materials and production of components used in its signature line of guitars. although this approach would lower the overall cost of producing a guitar, the costs associated with producing electronic pickupsfor sound amplification are far greater than those associated with sourcing pickups from a reliable supplier. which of the following approaches is likely to produce superior results? a) invest in vertical integration despite the cost of producing pickups.b) abandon the idea of vertical integration entirely.c) pursue taper integration.d) introduce a budget line of guitars to diversify the firm's offerings.