For Many Organisations

question 88

Multiple Choice

For many organisations:

• A) a relatively large number of clients make little contribution to profitability
• B) profit comes fairly evenly from their clients
• C) a relatively small number of customers will generate most of the profitability
• D) A and b are correct

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Definitions:

Duress

A situation in which someone performs an act as a result of violence, threat, or other pressure against the person.

Fraud

The intentional deception or misrepresentation made by one party to gain an unfair advantage or harm another party.

Innocently Misrepresented

A situation where a false statement is made without knowledge of its falseness, usually without intent to deceive, but leading another to enter into a contract.

Full-blooded Pomeranian

A dog that is purely of the Pomeranian breed, without any mixed lineage.