In Explaining Your Reasons for Refusing a Claim,you Should

question 81

Multiple Choice

In explaining your reasons for refusing a claim,you should

• A)lecture the reader about what went wrong.
• B)use personal language,such as you and your.
• C)accept clear responsibility for the problem.
• D)not appear to accept responsibility for the problem.
• E)avoid explaining why the claim is being denied.

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Definitions:

Fixed Factors

Resources in production that cannot be easily increased or decreased in the short term, such as land or certain machinery.

Capital-Intensive

A characteristic of industries or businesses that require large amounts of capital investment in machinery and equipment relative to labor to produce goods or services.

Firm Costs

All the expenses incurred by a company in the production and sale of goods or services, including raw materials, labor, and overhead.