A Middleman Is a Person Who

question 55

Multiple Choice

A middleman is a person who

• A) specializes in arranging trades and selling, guaranteeing, and servicing items traded.
• B) acts as a middle person between the top management of a business firm and the hourly employees who actually produce the goods and services.
• C) adds to the seller's expense and the buyer's buying price without providing a service to either.
• D) levies a tax on private sector activity and uses the funds to support government activities.

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Definitions:

Indispensable

Absolutely necessary or essential for the functioning or success of something.

Organizational Setting

An organizational setting refers to the environment or context within which an organization operates, including its culture, structure, and processes.

Input Factor

A resource, material, or component that is used in the production of goods or services.

Task Performance

The execution or completion of a specific job or duty, often measured in terms of efficiency or success.