Agents Are Used in Business Channels for Standardized Products and in Situations

question 119

True/False

Agents are used in business channels for standardized products and in situations in which information gathering and selling functions are important.

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Definitions:

De Facto Corporation

A business treated as a legally incorporated company for all purposes except against the state in a direct proceeding, despite not completing the incorporation process properly.

De Jure Corporation

a corporation that is legally established and operating in accordance with the law.

Common Stock

Corporate stock that does not convey any preference to its holders.

Preferred Stock

Stock that conveys preferences to its holder with respect to assets and dividends.