Increased Effort and Stimulated Critical Thinking Are Potential Benefits of Conflict

question 16

True/False

Increased effort and stimulated critical thinking are potential benefits of conflict.

Understand legal considerations (like defamation) relevant to conveying bad news in business contexts.

Assess the role of offering solutions or alternatives when delivering bad news.

Develop skills for closing negative messages on a positive or constructive note.

Grasp the significance of explaining decision-making processes or reasons when delivering bad news.

---

Definitions:

Probability of Default

The probability that a borrower will fail to fulfill their debt responsibilities.

Credit Policy

The guidelines a company follows to determine the amount and terms of credit to extend to customers.

5 C's of Credit

Refers to the five key elements a lender considers when assessing the creditworthiness of a potential borrower: character, capacity, capital, collateral, and conditions.

Conditions

Specific terms or requirements outlined in an agreement or contract, which must be met for the agreement to be fully enforceable.