Which of the Following Statements About Merchandise Brokers Is True

question 148

Multiple Choice

Which of the following statements about merchandise brokers is true?

• A) Brokers are paid salaries by the manufacturers for whom they work.
• B) Brokers never take title to the merchandise they sell.
• C) Brokers work for manufacturer-owned intermediaries.
• D) Brokers typically represent sellers on an ongoing basis.
• E) Brokers work in industries with only a few, very large buyers and sellers.

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Definitions:

Biological Drives

Innate impulses directed towards the survival and reproduction of an organism, like hunger, thirst, and sex drive.

Id

In Freudian psychoanalytic theory, the part of the mind in which innate instinctive impulses and primary processes are manifest.

Conscience

An inner feeling or voice viewed as acting as a guide to the rightness or wrongness of one's behavior.

Rational Decisions

Choices made based on logical reasoning, where all alternatives are considered and the most optimal outcome is selected.