The Pampered Chef Sells Gourmet Cooking Supplies to Consumers Through

question 32

Multiple Choice

The Pampered Chef sells gourmet cooking supplies to consumers through the use of cooking parties at the homes of its salespeople.The Pampered Chef is a _____ retailer and uses

• A)store; direct selling.
• B)store; direct-response retailing.
• C)nonstore; direct selling.
• D)nonstore; direct-response retailing.

---

Definitions:

Tax Deductible

Expenses that can be subtracted from gross income to reduce the total amount of income on which tax is assessed.

Bankruptcy

A court-managed method enabling individuals or companies that are unable to pay off their debts to pursue reprieve for either a portion or the entirety of what they owe.

Bearer Form

Bond issued without record of the owner’s name; payment is made to whoever holds the bond.

Bond Issue

A bond issue refers to the process by which a borrower, like a corporation or government, issues bonds to raise funds from investors who lend them money for a defined period at a fixed interest rate.