Freightfinder

question 171

Multiple Choice

Freightfinder.com is an Internet company that acts as a go-between. If a trucker needs to find a load for a particular trade lane, he or she can visit this site, list the price and available truck space, and find a company that needs a shipment moved. Since the purpose of this website is to put buyer and sellers together so that a single sale can be made, this website can be categorized as a(n) __________.

• A)selling agent
• B)manufacturer's representative
• C)manufacturer's agent
• D)broker
• E)administrator

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Definitions:

Statute of Limitation

A law prescribing a period within which legal action must be taken for an alleged wrongdoing, after which the claim is no longer valid.

Sales Commissions

Earnings given to sales personnel based on the value or volume of sales they successfully complete.

Widgets

Generic term for a manufactured product or a user interface element in software applications that can be easily placed and configured within a system.

Liquidated Damages

A predetermined amount of money that must be paid as compensation if a party breaches a contract.