Blossoms Is a Small Bookstore in Ottawa with a Preference

question 78

Multiple Choice

Blossoms is a small bookstore in Ottawa with a preference for fine books and classic literature.It sells books on philosophy, art, literature, travel, and architecture and has sales associate expertise to help customers.Blossoms is an example of a:

• A)hypermarket.
• B)specialty store.
• C)discount store.
• D)supermarket.
• E)convenience store.

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Definitions:

Board of Directors

A group of individuals elected by shareholders to oversee the management and make major decisions for a corporation.

Legal Dividend

A dividend that a company is legally allowed to distribute as determined by its net income or retained earnings.

Noncumulative Preferred Stock

A type of preferred stock that does not accumulate unpaid dividends; if a dividend is skipped, it is not required to be paid later.

Retained Earnings

The portion of net earnings not distributed as dividends to shareholders but reinvested in the business or kept as a reserve.