Andrea Owns and Operates a Small Novelty Store That Sells

question 161

Multiple Choice

Andrea owns and operates a small novelty store that sells home décor, gifts, jewelry, and gourmet snacks. Because her business is very small, many wholesalers will not deal with her, so she relies primarily on ____ for the survival of her business.

• A) drop shippers
• B) truck wholesalers
• C) rack jobbers
• D) specialty-line wholesalers
• E) cash-and-carry wholesalers

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Definitions:

Dividend Income

Income received from owning shares in a company, typically distributed from the company's profits.

Common Stock

Shares representing ownership in a company, providing voting rights and potential dividends, but with a lower claim on assets than preferred shares.

Short-term Speculation

Engaging in financial transactions with the expectation of achieving significant gains within a short time frame, often involving high risk.

Market Value

The price at which an asset would trade in a competitive auction setting.