A Middleman Is

question 161

Multiple Choice

A middleman is

• A) a person or firm whose sole responsibility is bringing a buyer to the last link in the distribution chain.
• B) a person or firm whose sole responsibility is to find distributors for a manufacturer's products.
• C) any intermediary between a manufacturer and end-user markets.
• D) a person or firm that takes possession of a product and in some way alters it before passing it on to ultimate consumers.
• E) an intermediary that sells to ultimate consumers.

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Definitions:

Present Value

The current worth of a future sum of money or stream of cash flows given a specified rate of return.

Future Value

The estimated value of an investment at a specific future date, taking into account factors such as interest rates and compounding.

Amortized

The process of spreading out a loan into a series of fixed payments over time, covering both principal and interest.

Outstanding Principal

The portion of a loan amount that has not yet been repaid to the lender.