Agents and Brokers

question 40

Multiple Choice

Agents and brokers:

• A) Do not take title to goods.
• B) Are not considered members of the commercial channel.
• C) Represent 1 or 2 manufacturers.
• D) Work on a 'cash and carry' basis.
• E) Physically hold the manufacturer's inventory.

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Definitions:

Conscientiousness

A personality trait characterized by diligence, care, and attention to detail, often associated with high-performance outcomes.

Neuroticism

A personality trait characterized by the tendency to experience negative emotions, such as anxiety, sadness, and anger, more frequently and intensely than others.

Social Environment

The immediate physical and social setting in which people live or in which something happens or develops, including the culture, institutions, and people they regularly interact with.

Locus of Control

A psychological concept that refers to individuals' beliefs about the extent to which the outcomes of their actions are under their own control (internal locus) or influenced by external factors (external locus).