An Effective Service Guarantee Would Never Be Described As

question 4

Multiple Choice

An effective service guarantee would never be described as:

• A) Unconditional
• B) Easy to invoke and collect
• C) Standardized and/or generic
• D) Meaningful
• E) Easy to understand and communicate

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Definitions:

Journalize

The act of recording transactions in a company's journal, which includes details like the date, accounts affected, and amounts involved.

Creditor

An entity (person or institution) to which money is owed.

Discounted Note

A financial instrument that is sold for less than its face value and matures at face value, resulting in a gain for the holder upon maturity.

Interest-Bearing Note

A debt instrument that requires the issuer to pay a specified interest rate to the holder until the note is repaid.