The First US Based Chain Store Is 1859 Was

question 96

Multiple Choice

The first US based chain store is 1859 was:

• A) Walmart.
• B) Sears Roebuck.
• C) JCPenny.
• D) Woolworth's.
• E) The Great Atlantic and Pacific Tea Company (A&P).

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Definitions:

Supplier

An individual or company that provides goods or services to another entity under terms specified in a contract.

Asset Turnover

A financial metric assessing how well a company utilizes its assets to produce sales income.

Working Capital

A measure of a company’s liquidity; computed as current assets minus current liabilities.

Note Payable

A written agreement in which one party agrees to pay another party a definite sum of money at a future date or on demand.