Items Consumed in One or a Few Uses, Such as Food

question 58

Multiple Choice

Items consumed in one or a few uses, such as food and fuel, are referred to as

• A)services.
• B)perishable goods.
• C)durable goods.
• D)nondurable goods.
• E)disposable goods.

---

Definitions:

Treasury Stock

Shares that were once a part of the outstanding shares and have been repurchased by the company.

Resold

The action of selling an item that has previously been sold or transferring ownership from one party to another.

Stock Dividend

A distribution of additional shares of a corporation’s own stock on a pro rata basis at no cost to existing stockholders.

Issuing Corporation

A company that is in the process of offering its securities (stocks or bonds) for sale to the public or investors.