Businesses That Produce and Sell Tangible Products Such as Appliances,furniture,and

question 53

Multiple Choice

Businesses that produce and sell tangible products such as appliances,furniture,and clothing are part of the:

• A)manufacturing sector.
• B)knowledge-based sector.
• C)production sector.
• D)service sector.

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Definitions:

Non-cumulative Preferred Stock

A type of preferred stock where dividends are not accumulated if they are not declared.

Par Value

The nominal or face value of a stock or security at issuance, which may not reflect its actual market value.

Common Stock

A type of equity security that represents ownership in a corporation, with holders typically having voting rights and entitlement to dividends.

No-par Value

Refers to stocks issued without a nominal or face value, where the market value is determined by investor demand.