Which of the Following Statements Concerning Mercantile Agents Is Not

question 19

Multiple Choice

Which of the following statements concerning mercantile agents is not true?

• A)they have authority to sell the goods on behalf of the owner of the goods.
• B)they must be registered with a state authority as a merchant or a pawnbroker.
• C)they are usually paid by commission.
• D)they often have a lien over the principal's goods.
• E)they are also known as 'factors'.

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Definitions:

Stereotyping

The act of making generalized assumptions or beliefs about the characteristics of all members of a group based on simplified or standardized conceptions.

Defensive Attribution

The tendency to blame victims for their misfortune, so that one feels less likely to be victimized in a similar way.

News Account

A report or description of recent events or facts, provided by the media or a personal observation.

Outgroup Homogeneity Effect

The perception that members of an out-group are more similar to each other than they actually are, often contrasted with the in-group.