Which of the Following Would NOT Be Considered an Agent

question 44

Multiple Choice

Which of the following would NOT be considered an agent?

• A) A salesman who sells his employer's goods
• B) An independent contractor without authority to act on behalf of the person hiring her
• C) A factory worker hired to operate a machine
• D) A buyer who regularly buys merchandise for a store

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Definitions:

Holding Cost

The expenses associated with storing unsold goods, including warehousing, insurance, and depreciation.

Cycle Inventory

The portion of inventory that is replenished regularly based on the demand and supply cycle of the business.

Cycle Inventory

The quantity of inventory available to meet normal demand between shipments in a replenishment cycle.

Supply Chain

A network of organizations, people, activities, information, and resources involved in producing and delivering a product or service from supplier to customer.