Jerome, a licensed insurance agent, recently made an arrangement with Barbara, a prominent real estate agent in
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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 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
Related Book For
Managerial accounting
ISBN: 978-0471467854
1st edition
Authors: ramji balakrishnan, k. s i varamakrishnan, Geoffrey b. sprin
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