Which of the Following Is True of Brokers

question 18

Multiple Choice

Which of the following is true of brokers?

• A) They typically assume title risks to a product.
• B) They usually have physical custody of products.
• C) They are looked upon as permanent representatives of both buyers and sellers.
• D) They serve as go-betweens for a buyer or a seller.

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Definitions:

Network Forms

Organizational structures characterized by interconnected nodes, allowing for flexible and dynamic interactions among different entities.

Modular Organization

An organizational structure where components are interchangeable and can be easily added, removed, or replaced.

Network Organization

A form of organization characterized by a less hierarchical structure, with nodes of operation connected in ways that are more flexible and adaptable.

Strategic Alliance

is a cooperative agreement between two or more entities to pursue a set of agreed objectives while remaining independent entities.