The Difference Between an Agent and a Broker Is That

question 74

Multiple Choice

The difference between an agent and a broker is that an agent

• A)seeks profit,whereas a broker does not.
• B)is an intermediary,whereas a broker is not.
• C)represents the seller and a broker represents the buyer.
• D)determines who the consumers are,whereas the broker does not determine the customers.
• E)usually represents people on a permanent basis,whereas a broker usually does so on a temporary basis.

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Definitions:

Divisional Structure

A type of organizational structure where operations are grouped based on distinct products or services, serving different markets.

Duplication

Reproduction or copying of a process, product, or service in order to achieve redundancy or increase capacity.

Underutilization

The condition of not using resources, skills, or talents to their full potential, often within a workforce context.

Centralized

Refers to the system or organization where decision-making authority is concentrated at a high or singular point, often to maintain control and uniformity.