Telling Customers the Truth, Keeping Their Private Information Confidential and Providing

question 12

True/False

Telling customers the truth, keeping their private information confidential and providing them with a service or product that does the job that it is presented as being able to do are all examples of upholding customers' rights.

---

Definitions:

Limited Life

The concept that an asset or an entity has a finite existence or operational period before it ceases to be useful or exist.

Corporation

A legal entity that is separate and distinct from its owners, providing them with limited liability, and is permitted to own assets, incur liabilities, and sell securities, among other rights.

Partnership

A legitimate business model involving collaboration between two or more people in managing and dividing earnings.

Potential Loss

The possible financial harm or loss a business could suffer due to unforeseen events or risks.