Unique Broker That Acts in Many Ways Like a Manufacturer's

question 267

Multiple Choice

unique broker that acts in many ways like a manufacturer's agent is a food broker,representing buyers and sellers in the grocery industry.Food brokers differ from conventional brokers because they act on behalf of producers on a permanent basis and

• A) receive a commission for their services.
• B) are paid a flat fee for each time the shelves are stocked.
• C) are paid by both the buyer and seller separately depending upon the size of the order.
• D) are paid a commission by the buyer and a bonus by the seller.
• E) are paid a flat fee by both the buyer and seller, but receive a bonus based upon the percentage of increased sales by quarter.

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Definitions:

Economic Rights

Rights that allow individuals to engage in activities for the purpose of earning income such as the right to work, right to own property, and rights to appropriate remuneration.

Collective Bargaining

is a negotiation process between employers and a group of employees aimed at reaching agreements to regulate working salaries, working conditions, benefits, and other aspects of workers' compensation and rights.

Union Members

Individuals who belong to a labor union, an organized group that represents workers in negotiations with employers regarding work conditions and wages.

Hostility Toward Unionization

Negative attitudes or actions by employers, management, or other groups against the formation, growth, or activities of labor unions.