A _____ Is a Promotion Where Winners Are Determined Purely

question 45

Multiple Choice

A _____ is a promotion where winners are determined purely by chance.

• A)contest
• B)sweepstakes
• C)rebate
• D)premium
• E)loss leader

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Definitions:

Common Stock

A type of equity security that represents ownership in a corporation, giving the holder a share in the company's profits and losses.

Market Price

The current purchase or sale price of an asset or service in the market.

Return on Equity

A measure of a corporation's profitability relative to stockholders’ equity, indicating how effectively management is using a company's assets to create profits.

Cash Coverage Ratio

This is a measure of a company's ability to cover its debt obligations with its available cash and cash equivalents.