Which of the Following Is NOT True About Intermediaries

question 69

Multiple Choice

Which of the following is NOT true about intermediaries?

• A) They save time for other participants in a transaction.
• B) They always increase total expenses for a product.
• C) They play an important role in the exchange process.
• D) They specialize in trade rather than production.

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Definitions:

Merit Pay

A pay increase given to employees based on their performance, as a reward for achieving specific goals or outstanding work.

Lump Sums

A one-time payment for a sum of money, rather than a series of payments over time.

Raises

An increase in salary or wages, typically awarded to an employee based on performance, market adjustments, or as part of a promotion.

Merit Pay

A compensation strategy that rewards employees based on their performance and achievements, rather than on seniority or hours worked.