The Internet and World Wide Web Has Connected Millions of People

question 31

Multiple Choice

The Internet and World Wide Web has connected millions of people and institutions and

• A) Has increased the need for intermediaries.
• B) Has eliminated intermediaries.
• C) Is the only determinant of the role of intermediaries in the marketing channels.
• D) Is an important determinant in the use of intermediaries in marketing channels.
• E) Does not have any effect on the use of intermediaries in the marketing channels.

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Definitions:

State Statutes

Laws enacted by state legislatures that govern within the state's boundaries.

Mechanic's Lien

A legal claim against a property by a contractor or repair person for unpaid labor or materials.

Materialman's Lien

A legal claim against a property by a contractor, supplier, or worker for unpaid labor or materials provided for improving the property.

Accommodation Surety

is a guarantor who agrees to be responsible for another's debt or obligation as a favor, without receiving any benefit.