Which of the Following Is True of Foreign Sales Corporations

question 36

Multiple Choice

Which of the following is true of foreign sales corporations?

• A) They are commonly called piggybackers.
• B) They can only be related to a manufacturing parent and not an independent broker.
• C) They virtually control distribution through all levels of channels in Japan.
• D) They accumulate, transport, and distribute goods from many countries.
• E) They can function as a principal or a commissioned agent.

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Definitions:

Equilibrium Employment

The level of employment where the quantity of labor supplied is equal to the quantity of labor demanded.

Labor-Force Participation

The percentage of the working-age population that is engaged in the labor market, either employed or actively seeking employment.

Minimum Wage

The lowest legally permissible hourly wage that companies can pay to employees.

Bureau of Labor Statistics

A U.S. government agency responsible for collecting and analyzing essential data related to labor economics, including employment, unemployment, and price statistics.