Without Middlemen Like Travelocity

question 59

Multiple Choice

Without middlemen like Travelocity.com,Orbitz.com,and other travel Web sites,a consumer would have to check all airline Web sites in order to find the flight with the best connection or lowest price.This introduction of middlemen in business models is an example of ________.

• A) reintermediation
• B) remutualization
• C) gentrification
• D) disintermediation
• E) defalcation

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Definitions:

Periodic Interest Revenue

The interest income earned on investments during a specific period, reflecting the return on interest-bearing financial assets.

Note Proceeds

The amount of money received by a borrower from the lender when a note is issued; essentially the principal amount of the loan.

Debt Restructuring

A financial process where the terms of existing debts, such as the interest rate or payment schedule, are altered to provide relief to the borrower.

Common Stock

A type of security that represents ownership in a corporation, entitling holders to vote on corporate matters and receive dividends.