Question
Jerome, a licensed insurance agent, recently made an arrangement with Barbara, a prominent real estate agent in the city. Jerome will give a portion of
Jerome, a licensed insurance agent, recently made an arrangement with Barbara, a prominent real estate agent in the city. Jerome will give a portion of any commission he earns on sales made to clients that Barbara refers to him. Which of the following CORRECTLY describes the agreement between Jerome and Barbara?
a)premium rebating
b)referral arrangement
c)inducing to insure
d)commission sharing
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The answer is letter D COMMISSION SHARING Assuming an AGENT is SHARING COMMISSION with anybody other ...
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Managerial accounting
Authors: ramji balakrishnan, k. s i varamakrishnan, Geoffrey b. sprin
1st edition
471467855, 978-0471467854
