Which of the Following Describes a Business Unit That Negotiates

question 22

Multiple Choice

Which of the following describes a business unit that negotiates purchases or sales but does not take title to the goods?

• A)retailer
• B)merchant middleman
• C)agent
• D)wholesaler

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Definitions:

Professional Relationship

A formal association between individuals or entities in a business or professional setting, characterized by mutual respect and often involving collaboration.

Legal Malpractice

A situation where a lawyer fails to provide the competent representation required, leading to harm or damage to a client.

Confidential Information

Sensitive information that is not public knowledge and is protected by law or agreement, requiring it to be kept secret.

Client Confidentiality

The ethical obligation of professionals, especially in law, to keep information related to a client secret and secure.