The fiduciary duties owed by an agent include obedience, loyalty, disclosure, confidentiality, accounting, and ____________________________.

Which of the following statements is true of marketing channels?

A) A direct marketing channel removes a business from the end-user customer. B) A direct marketing channel offers higher margins than an indirect channel, but the company must bear the cost of marketing expenses. C) Customers who make small purchases are usually profitably served with a direct channel system. D) An indirect marketing channel is often expensive, so it limits the number of customers a business can profitably reach. E) Original equipment manufacturers (OEMs) are part of a direct marketing channel system.

The power of a state government to enact laws governing health, safety, morals, and general public welfare is known as police power

Indicate whether the statement is true or false