After Shopping in the Same Store for Nearly Two Hours

question 111

Multiple Choice

After shopping in the same store for nearly two hours, Chester goes to McDonald's for a Big Mac while Cynthia goes to the optical shop to see if her contacts are ready.They engage in these activities without leaving the store in which they have been shopping.They are most likely in a:

• A)superstore.
• B)hypermarket.
• C)department store.
• D)general merchandise retailer.
• E)discount store.

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Definitions:

Fair Value

An estimate of the price at which an asset or liability would be traded in a fair transaction between willing and knowledgeable participants.