Which of the Following Statements Regarding Direct Selling Is Most

question 146

Multiple Choice

Which of the following statements regarding direct selling is most accurate?

• A)Unlike other forms of nonstore retailing, direct selling takes place in the business market.
• B)Direct selling is found exclusively in the United States.
• C)Direct selling succeeds by providing customers with convenience and personalized service.
• D)Direct sales have been declining rapidly in the United States since the 1980s.
• E)By definition, direct selling can only take place in a home

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Definitions:

Monthly Compounded

Interest that is calculated on the principal and previously earned interest once every month.

Nominal Rate

The advertised or stated rate of interest, not including the effects of inflation or compounding.

RRSP

Registered Retirement Savings Plan, a savings and investment vehicle for Canadians to save for retirement in a tax-efficient way.

Compounded Rate

The rate at which interest is calculated on the initial principal and the accumulated interest of previous periods.