Which of the Following Best Describes a Merchant Middleman

question 66

Multiple Choice

Which of the following best describes a merchant middleman?

• A) A middleman who buys goods outright and takes title to them
• B) A middleman who serves as a go-between for a buyer or seller without assuming title risks
• C) A middleman who buys from manufacturers and sells to retailers
• D) A middleman who possesses limited authority with regard to terms of sale

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Definitions:

Stockholders

Individuals or entities that own shares in a corporation, giving them certain rights and a stake in its performance.

Corporation

A legal entity that is separate and distinct from its owners, with rights to own property, incur debt, sue and be sued.

Ownership Right

A legal right that confers the possession of assets and the benefits that come from owning them.

Stockholder

An individual or entity that holds one or more shares of stock in a public or private corporation, thus owning a portion of the company.