Joe Gustafson Is a Very Busy Person Who Likes to Handle

question 130

Multiple Choice

Joe Gustafson is a very busy person who likes to handle all his financial services needs with one account if possible.Which of the following types of accounts would best serve this need?

• A) checking account.
• B) money market deposit account.
• C) brokerage account.
• D) asset management account.
• E) all of the above.

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Definitions:

Vertical Integration

A strategy where a company expands its business operations into different steps on the same production path, such as a manufacturer owning its supplier and/or distributor.

Upstream Suppliers

Companies or entities that provide raw materials, components, or services to another company for the production of goods.

Business Strategy

A plan of action designed to achieve a specific set of objectives that ensures the growth and success of an organization.

Extranets

Private networks that use Internet technology and the public telecommunication system to securely share part of a business's information or operations with suppliers, vendors, partners, customers, or other businesses.