Which of the Following Statements About Agency Commissions Is True

question 33

Multiple Choice

Which of the following statements about agency commissions is true?

• A)Some leading agencies now receive average commissions of 8 to 10 percent.
• B)Nearly all of the leading agencies still earn a 15 percent commission.
• C)Most agencies are earning more of their income from fixed commissions as clients expand their IMC programs to include other forms of promotion.
• D)Most agencies are unwilling to negotiate their commission rates.
• E)Leading agencies often get 20 percent commissions.

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Definitions:

Uniform Anatomical Gifts Act (UAGA)

Legislation that facilitates the donation of organs and tissues for transplantation purposes.

Bequeath

The act of leaving personal property to someone through a will.

Personal Representative

A personal representative is an individual appointed to administer the estate of a deceased person under a will or through a court process.

Nonprobate

Refers to assets or property that will pass to survivors by means other than a will, such as through trust or designated beneficiary.