High Commission Services

Managerial Commission for Purchasing Goods or Services

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Question

A manager who pays a higher commission than would normally be paid to purchase the goods or services is said to be ________ services.

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A. B. C. D. E.

C

A manager who pays a higher commission than would normally be paid to purchase the goods or services is said to be paying up for services. This practice is a violation of fiduciary duties to the client. However, various countries' securities laws permit a manager to pay up for goods and services without violating the manager's fiduciary duty so long as the requirements of the law are followed.

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