If You Have Legitimate Reasons to Refuse a Request for a Recommendation

question 120

True/False

If you have legitimate reasons to refuse a request for a recommendation, the long-term consequences of providing one anyway could be much more negative for you and the other party than the short-term disappointment of saying no.

---

Definitions:

Current Consumption

The portion of income or resources that is spent on goods and services at the present time, as opposed to saving for future consumption.

Budget Line

A graphical representation of all possible combinations of two goods that can be purchased at given prices and within a given budget.

Interest Rate

The percentage at which interest is paid by borrowers for the use of money that they borrow from a lender.

Inflation Rate

The percentage increase in the general level of prices for goods and services over a certain period, reflecting the decreasing purchasing power of money.