A Broker

question 41

Multiple Choice

A broker

• A) is an independent business concern that operates as a link between producers and ultimate consumers or organizational buyers.
• B) is a merchant middleman who is engaged primarily in selling to ultimate consumers.
• C) assists in the performance of distribution tasks other than buying, selling, and transferring title.
• D) does not usually have physical custody of products, and is not looked upon as a permanent representative of either the buyer or the seller.

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Definitions:

U.S. Government

The federal government of the United States, a constitutional republic comprising three branches: executive, legislative, and judicial.

Antipoverty Program

Initiatives or policies designed to reduce poverty levels and improve the economic conditions of the less privileged in a society.

Earned Income Tax Credit

A refundable tax credit for low- to moderate-income working individuals and families, particularly those with children.

Means-Tested

A method for determining whether an individual or family is eligible for government assistance based on their income or resources.