Crafty Covers Inc

question 59

Multiple Choice

Crafty Covers Inc.(CCI) sells some of its products like cellphone covers,sling bags,and wallets,by storing,displaying,and selling them in gift shops,supermarkets,and drug stores.This implies that CCI is a

• A)limited-function merchant wholesaler.
• B)merchant wholesaler.
• C)rack jobber.
• D)drop shipper.

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Definitions:

Preferred Stock

A class of ownership in a corporation that has a higher claim on its assets and earnings than common stock.

Bonds

Fixed-income securities representing a loan made by an investor to a borrower, typically corporate or governmental.

Technical Analysis

A methodology for forecasting the direction of prices through the study of past market data, primarily price and volume.

Common Dividends

Payments made to shareholders from a corporation's earnings, distributed among holders of common stock.