The Elementary School Teacher Sent the Following Memo to His

question 75

Multiple Choice

The elementary school teacher sent the following memo to his school's principal for her authorization:
Will: Please order another two cases of construction paper,and twelve more glue sticks from our supplier.I'll need this by next Thursday.Thank you.-Heather
How should this buying situation be described?

• A) as a new buy
• B) as a straight rebuy
• C) as a value buy
• D) as a modified rebuy

---

Definitions:

Construction Loans

Short-term loans used to finance the building of a property, with funds released incrementally as construction progresses.

Mortgage Trust

A type of investment trust that pools mortgage loans, offering investors a share in the income generated from these mortgages.

REIT

Real estate investment trust, which is similar to a closed-end mutual fund. REITs invest in real estate or loans secured by real estate and issue shares in such investments.

Front-end Load

A fee or commission charged to an investor at the time of initial purchase of an investment, such as a mutual fund or insurance product, usually a percentage of the investment amount.