A Bailment Without a Fixed Term Is Called a ________

question 10

Multiple Choice

A bailment without a fixed term is called a ________.

• A) bailment for the sole benefit of the bailee
• B) bailment for the sole benefit of the bailor
• C) bailment for a for mutual benefit
• D) bailment at will

---

Definitions:

Net Profit Margin Ratio

An indicator of profitability, calculated as net income divided by revenue.

Total Asset Turnover

A financial gauge assessing how well a company employs its assets to create sales turnover.

Cash Dividend

A payout in cash form from a corporation's profits to the individuals holding its shares.

Stockholders' Equity

Stockholders' equity represents the ownership interest of shareholders in the assets of a corporation, after deducting liabilities.