The Jones State Bank Is Planning to Add a Branch

question 27

Multiple Choice

The Jones State Bank is planning to add a branch office on the west side of Edmond,Oklahoma.The bank has done a study and found that the site where it wants to build the branch office sees 35,000 cars pass in an average day.Which factor would this address when considering whether to add a new branch?

• A)Traffic count
• B)Number of retail shops
• C)Average age of the local population
• D)Population Density
• E)Population Growth

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Definitions:

Good Title

refers to a legal term meaning ownership of property is legally valid, with no encumbrances or disputes that could question rightful ownership.

CIF

"Cost, Insurance, and Freight," a term used in international shipping agreements where the seller is responsible for the transportation costs, insurance, and freight charges to the designated port.

Insurance

A contract in which the insured party makes payments to the insurer in exchange for the insurer’s promise to make payment or transfer goods to another party in the event of injury or destruction to the insured party’s property or life.

Shipping Term

Conditions that outline the delivery arrangements and responsibilities between buyers and sellers, often specified in contracts.