Which of the following is true of agents and brokers?

A) Agents and brokers own the products they handle.
B) Agents and brokers usually carry inventory.
C) Agents and brokers usually provide credit.
D) Agents and brokers are usually neither wholesalers nor retailers.
E) Agents and brokers earn profits rather than fees or commissions.


Answer: D
Explanation: D) Although there are some exceptions, for the most part, agents and brokers are neither wholesalers nor retailers.

Business

You might also like to view...

Individuals often participate in fraud because they believe that by not participating in the fraud scheme, they may lose their job. Which type of power is at play here?

a. Expert power b. Legitimate power c. Coercive power d. Reward power

Business

__________compete on the basis of low prices, high turnover, and high volume

Fill in the blanks with correct word.

Business

One application of internal control when taking a physical count of inventory is the use of pre-numbered inventory tickets.

Answer the following statement true (T) or false (F)

Business

The sole job of IT management is to participate in the organization's quest for technology-enabling business opportunities

Indicate whether the statement is true or false

Business