____ Exchanges Follow a Predetermined Set of Exchange Rules That

question 45

Multiple Choice

____ exchanges follow a predetermined set of exchange rules that determine how buyers and sellers communicate with each other throughout the exchange, how they negotiate prices with each other, how they make and accept payments, and also determine product delivery guidelines.

• A) B2B
• B) C2B
• C) C2C
• D) B2E

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Definitions:

Donee Beneficiary

In contract law, a person who benefits from a contract made between two other parties, where the intention is to gift the benefit or performance.

Promisee

A person to whom a promise is made or directed, particularly in a legal contract.

Familial Relationship

A social or blood connection existing between two or more people who are considered to be part of the same family unit.

Recognized

Generally refers to the acceptance or acknowledgment of something as valid, legal, or official.