Which of the Following Is an Example of a Business

question 65

Multiple Choice

Which of the following is an example of a business operated by a consumer cooperative?

• A) a grocery store
• B) an apartment building
• C) Sunkist, a farm cooperative owned and operated by citrus growers
• D) a health plan
• E) an electric-power facility

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Definitions:

Face Value

The nominal or dollar value printed on a financial instrument like a bond or stock certificate, representing the amount to be repaid at maturity.

Principal Amount

The original sum of money borrowed in a loan, or invested, upon which interest is calculated.

Loan Term

The length of time over which a loan agreement is scheduled to be repaid.

Callable Bonds

Bonds that can be redeemed by the issuer before their maturity date at a predetermined call price.