Which of the Following Statements Provides the Most Accurate Distinction

question 297

Multiple Choice

Which of the following statements provides the most accurate distinction between an agent and a broker? Agents:

• A) represent final buyers while brokers represent marketing intermediaries.
• B) represent one manufacturer in a large sales area, while brokers represent several different manufacturers in a smaller area.
• C) develop a long-term relationship with the people they represent, while brokers are usually hired on a temporary basis.
• D) take title to the goods they help distribute, while brokers never assume ownership of the products they distribute.

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Definitions:

Colonial Assembly

A legislative body in a colony, primarily in the British colonies, which represented the colonists and had some powers over local matters and legislation.

John Dickinson

An American statesman, known as the "Penman of the Revolution" for his letters on colonial rights, and a delegate from Pennsylvania to the U.S. Constitutional Convention.

Letters from a Farmer

A series of essays written by John Dickinson in 1767-68, arguing against the Townsend Acts and for colonial rights, contributing to the American Revolution.

Parliament

The supreme legislative body in many countries, including the United Kingdom, Canada, and Australia, composed typically of two houses (upper and lower) to make, amend, and repeal laws.