________ Are Broad Guidelines for Associates to Use When Making

question 18

Multiple Choice

________ are broad guidelines for associates to use when making decisions.

• A) Procedures
• B) Rules
• C) Policies
• D) Strategies

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Definitions:

Statutory Amount

A specific sum of money that is prescribed by statute or law for various purposes.

Extortion

A criminal offense in which a person obtains money, property, and/or services from another by wrongfully threatening or inflicting harm on the other’s person, property, or reputation. Also called blackmail.

Rescind

To rescind is to revoke, cancel, or repeal a contract, agreement, or law, effectively making it as if it never existed.

Agreement

A mutual understanding or arrangement between two or more parties that outlines the terms and conditions of a specific course of action.