Which of the Following Types of Customers Generally Have the Lowest

question 58

Multiple Choice

Which of the following types of customers generally have the lowest customer history?

• A)new customers
• B)captive customers
• C)loyal customers
• D)unprofitable customers
• E)repeat customers

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Definitions:

Rescinded

Revoked, canceled, or repealed, usually by official or formal action.

Public Trustee

A government official or department appointed to manage the estates, property, or financial affairs of individuals unable to do so themselves due to incapacity, absence, or death.

Doctrine of Mistake

Legal principles that allow a contract to be declared void if both parties were under a mutual misunderstanding about a key fact of the agreement.

Willful Blindness

The deliberate avoidance of acknowledging information or facts that one could easily know, often to escape liability.