Which of the Following Is an Example of a Limited-Service

question 116

Multiple Choice

Which of the following is an example of a limited-service retailer?

• A) Customers at TAB pick out the products they want and pay at the checkout counter.
• B) Salespeople at Eli are always on hand to offer shoppers advice and assistance in choosing products.
• C) Mina's allows customers to checkout their own purchases in order to reduce the staff count.
• D) As CLO's offers a number of merchandise-return privileges, customers need information and assistance while shopping.
• E) Alison's stocks a number of specialty products and the store's salespeople generally help shoppers with all their needs.

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Definitions:

Fiduciary Duty

A legal obligation of one party to act in the best interest of another when entrusted with certain tasks, typically related to financial management or care.

Corporation

A corporation is a legal entity that is separate and distinct from its owners, providing limited liability to its shareholders, and possessing the ability to own property, enter contracts, and sue or be sued.

Shareholders

Individuals or entities that own one or more shares of stock in a public or private corporation.

Derivative-Action Provisions

Legal guidelines that allow a minority shareholder to sue or take legal action on behalf of a corporation, typically to redress harm done to the company.