What Do Delta,Marriott,and Century 21 Have in Common

question 43

Multiple Choice

What do Delta,Marriott,and Century 21 have in common?

• A)These retailers have established long-term relationships with their manufacturers.
• B)They are all examples of off-price retailers.
• C)They are all examples of service retailers.
• D)They sell tangible products.
• E)They have high operating margins due to the size of their inventories.

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Definitions:

Callable Bond

A type of bond that can be redeemed by the issuer before its maturity date, typically at a premium price.

Convertible Bond

A type of bond that can be converted into a predetermined amount of the company's equity at certain times during its life, usually at the discretion of the bondholder.

Yankee Bond

A bond issued in the United States by foreign banks and corporations, denominated in U.S. dollars.

DAX

The stock market index that represents 40 of the largest and most liquid German companies trading on the Frankfurt Stock Exchange.