You Own an Independent Store in Your Neighborhood and Like

question 1

Multiple Choice

You own an independent store in your neighborhood and like to offer fresh seafood in your meat display case. Which type of wholesaler is likely to best serve you?

• A) cash-and-carry wholesaler
• B) drop shipper
• C) rack jobber
• D) selling agent
• E) commission merchant

---

Definitions:

Market Index

A statistical measure that tracks the performance of a basket of specific stocks to represent a particular market or sector.

Beta

A measure of the volatility, or systemic risk, of a security or a portfolio compared to the market as a whole.

Systematic-Risk Event

An event that affects all securities in the financial market and cannot be mitigated through diversification.

Federal Reserve

The central banking system of the United States, responsible for setting monetary policy, issuing currency, and regulating banks.