Which of the following is true of agents and brokers? A) Agents and b

QUESTION

Which of the following is true of agents and brokers?

A) Agents and brokers own the products they handle.
B) Agents and brokers usually carry inventory.
C) Agents and brokers usually provide credit.
D) Agents and brokers are usually neither wholesalers nor retailers.
E) Agents and brokers earn profits rather than fees or commissions.

ANSWER

Answer: D
Explanation: D) Although there are some exceptions, for the most part, agents and brokers are neither wholesalers nor retailers.