Firms That Generally Do Not Deal Directly with the Public

question 290

Multiple Choice

Firms that generally do not deal directly with the public and instead handle transactions for brokers are known as:

• A) specialist firms
• B) private firms
• C) broker firms
• D) unregulated firms
• E) specialty firms

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Definitions:

Corruption

Dishonest or fraudulent conduct by those in power, typically involving bribery or the misuse of authority for personal gain.

Ethical Dilemmas

Situations in which a person or organization must choose between competing moral principles or actions, often without a clear right answer.

Foreign Investment

Capital investment made by individuals, companies, or governments in business interests in another country.

Democracy

A form of government in which the power to govern is vested in the hands of the people, either directly or through elected representatives.