A Middleman Is a Person Who

question 55

Multiple Choice

A middleman is a person who

• A) specializes in arranging trades and selling, guaranteeing, and servicing items traded.
• B) acts as a middle person between the top management of a business firm and the hourly employees who actually produce the goods and services.
• C) adds to the seller's expense and the buyer's buying price without providing a service to either.
• D) levies a tax on private sector activity and uses the funds to support government activities.

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Definitions:

Resolution Phase

The stage in conflict management or negotiation processes where parties come to an agreement and resolve their differences.

Initiation Phase

The initial stage in a process or project where objectives are set and tasks are begun.

Bargaining Phase

is a stage in negotiation wherein parties discuss their wants and needs directly, attempting to come to a compromise.

Minimally Acceptable

The lowest level of terms or conditions that a negotiating party is willing to accept before walking away from negotiations.