Which of the Following Is True About Using the Services

question 151

Multiple Choice

Which of the following is true about using the services of an account executive?

• A) Goals should be clearly communicated to an account executive.
• B) Account executives do not using churning practices.
• C) Account executives are usually liable for client losses.
• D) All account executives are full-service brokers.
• E) A full service account executive does not provide research materials to clients.

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Definitions:

Economic Profit

The difference between total revenue and total costs, including both explicit and implicit costs.

Explicit Costs

Direct, out-of-pocket payments for goods or services necessary for conducting business.

Items

Individual objects or units, especially those included in a list or collection.

Economic Profits

The difference between total revenue and the total costs (both explicit and implicit costs) of a company, indicating the surplus generated from business activities.