Which of the Following Is NOT One of the Types

question 14

Multiple Choice

Which of the following is NOT one of the types of environmental pressures for change that managers face:

• A) Fashion Pressures
• B) Mandated Pressures
• C) Geopolitical Pressures
• D) Cyclical Pressures

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Definitions:

Utmost Good Faith

A principle requiring all parties to a contract, especially in insurance, to act honestly and not mislead or withhold critical information from each other.

Express Agreement

A contract in which the terms are stated openly and explicitly, and agreed upon by all parties involved.

Utmost Good Faith

A principle requiring parties to a contract to act honestly and not mislead or withhold critical information from one another.

Statutory Requirements

Legal obligations or rules that are established and enforced by legislation.