Which of the Following Is NOT Part of a Good

question 23

Multiple Choice

Which of the following is NOT part of a good budgeting process?

• A) establishing how much income can be expected
• B) ascertaining real costs and estimating amount of money needed to pay for expenses
• C) treating credit as income
• D) recording expenses on a regular basis

Understand the implications of personal connections and business friendships on sales and customer relationships.

Recognize the levels of customer relationships in business and the importance of trust and wisdom in these relationships.

Comprehend the role of customer service and its components in sustaining satisfying customer relationships.

Distinguish between different types of relationships (e.g., business friendships, intimate friendships) within professional settings.

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Definitions:

Demand Legitimacy

The perceived appropriateness and justification of a demand or request made by stakeholders based on societal norms and values.

Stakeholders

Individuals or groups with an interest or concern in the success of an organization, project, or endeavor, including employees, customers, investors, and the community.

Operations

The day-to-day activities and processes undertaken by a business to produce goods or provide services efficiently and effectively.

Legal Responsibility

The obligation to act according to the law, being subject to legal penalties or liabilities for failing to do so.