A Merchandiser Differs from a Service Type Business in That

question 174

Multiple Choice

A merchandiser differs from a service type business in that it

• A) sells goods to customers.
• B) has more employees.
• C) only operates in one country.
• D) requires more government regulation.

---

Definitions:

Government Backing

Support or endorsement from a government body, often through policies, subsidies, or direct financial aid.

Gold Standard

A currency where the value is determined by the ability to trade it for a specified amount of gold (i.e., $1 for 1/35 of an ounce) at a government-approved bank.

Currency Value

The worth of a currency in terms of the amount of goods or services that one unit of the currency can purchase.

Government-Approved Bank

A financial institution that has received official authorization from the government to operate within certain regulatory standards.