When Delivering Negative Organizational News, It Is Not Necessary to Give

question 56

True/False

When delivering negative organizational news, it is not necessary to give out every minute detail to the external stakeholders of the organization.

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Definitions:

Creditor's Point of View

The perspective of an individual or institution that has lent money or provided goods or services to a debtor, focusing on the recovery of their credits.

Obligations

Legal or financial duties or commitments that an entity is required to fulfill, such as paying debts or performing certain actions.

Profitability

The ability of a company to generate earnings as compared to its expenses and other relevant costs.