You Own an Independent Store in Your Neighborhood

question 116

Multiple Choice

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

• A)rack jobber
• B)mail- order wholesaler
• C)drop shipper
• D)agents and brokers
• E)cash- and- carry wholesaler

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Definitions:

Retained Earnings

The portion of a company's profits that is kept or retained and not distributed as dividends to shareholders, used for reinvestment in the business or to pay debt.

Common Shares

Equity securities that represent a portion of the ownership of a corporation, typically granting voting rights and dividends.

Shareholders' Equity

The residual interest in the assets of a corporation after deducting liabilities.

Changes in Equity

Movements in the value of an entity's equity over a period due to profits, losses, contributions from or distributions to owners.