_____ Is a Form of Agency Where the Agent Receives

question 23

Multiple Choice

_____ is a form of agency where the agent receives no compensation.

• A) Agency coupled with an interest
• B) Special agency
• C) Exclusive agency
• D) Executive agency
• E) Gratuitous agency

---

Definitions:

Product Line

A group of related products offered by a company that serve a similar need or are marketed under a single brand.

Service Organizations

Companies offering non-physical services or products to their customers, rather than physical items.

Activity-Based Costing

A costing method that assigns overhead and indirect costs to related products and services based on their usage of resources.

Selling and Administrative Costs

Expenses related to the selling of products and the management of a business, exclusive of manufacturing costs.