Which of the Following Statements Is True of Independent Wholesalers

question 92

Multiple Choice

Which of the following statements is true of independent wholesalers?

• A) Merchant wholesalers comprise about 80 percent of all wholesalers.
• B) Merchant wholesalers do not take legal ownership of the goods they distribute.
• C) Agents take legal possession, or title, of the goods they distribute.
• D) Brokers do not handle real estate and seasonal products.

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Definitions:

Straight Piecework Plan

A compensation system where workers are paid a fixed rate for each unit produced or action performed, regardless of time.

Incentive Pay

Compensation above the base salary offered to employees as a motivation for achieving performance targets.

Piecework Rate Plans

Compensation systems where employees are paid based on the quantity of work produced or tasks completed.

Routine Jobs

Work that involves repetitive tasks following a set procedure or sequence, often with little to no variation in daily activities.