Who Is the Intermediary Most Commonly Used in the Distribution

question 80

Multiple Choice

Who is the intermediary most commonly used in the distribution of such products as tobacco, used cars, artwork, fur, livestock, and fruit?

• A) broker
• B) auction house
• C) commission merchant
• D) selling agent

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Definitions:

Receiving Report

A document completed by the receiving staff of a company, detailing the items received, their quantities, and condition upon delivery.

Invoice

A document issued by a seller to a buyer that outlines a transaction and includes details of goods or services provided, prices, date, and payment terms.

Accounts Receivable

Funds that customers owe to a business for products or services provided but not yet compensated for.

Liquidity

A measure of how easily assets can be converted into cash without significant loss in value.