Which of the Following Is an Example of an Ultimate

question 142

Multiple Choice

Which of the following is an example of an ultimate consumer?

• A) a newspaper reporter who buys a plane ticket to Washington, D.C. to cover the presidential inauguration
• B) a school teacher who bought a ticket to the Summer Olympics opening ceremonies
• C) an office receptionist who renews the magazines that are found in the office waiting room
• D) a retailer who buys poster board to make signs for an upcoming store sale
• E) a landscaping firm employee who buys a new wheelbarrow to use to haul mulch

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Definitions:

Privity Of Contract

The principle that contracts are binding only on the parties signing the agreement, not on any third parties.

Loan Default

The failure to meet the legal obligations or conditions of a loan, such as not making scheduled payments on time.

Sarbanes-Oxley Act

A U.S. federal law enacted to protect investors from the possibility of fraudulent accounting activities by corporations.

Government Oversight

The monitoring and evaluation of activities by government agencies or legislative bodies to ensure compliance with laws, regulations, and policies.