Considering Department Stores in the U.S.which Is True

question 34

Multiple Choice

Considering department stores in the U.S.which is true?

• A)about 100 firms account for about 50 percent of total sales
• B)about 50 firms account for 20 percent of total sales
• C)about 20 firms account for 98 percent of total sales
• D)only about 5 companies account for most sales

---

Definitions:

Registration Under

The process of officially recording or enlisting something or someone under certain conditions or regulations, often related to securities laws.

1933 Act

A U.S. federal law, officially known as the Securities Act of 1933, enacted to ensure more transparency in financial statements to protect investors from fraud.

Working Capital

The difference between a company's current assets and its current liabilities, indicative of its operational liquidity.

Tender Offer

is a public solicitation by a party proposing to buy shares from shareholders of a publicly-traded company at a specified price for a certain period.