A Cost of Doing Business Is Referred to as A(n)________

question 51

Multiple Choice

A cost of doing business is referred to as a(n) ________ and is considered necessary to earn ________.

• A)revenue;assets
• B)expense;revenue
• C)liability;expenses
• D)dividend;revenue

Know the importance of promptness and clarity in delivering bad news.

Grasp the effectiveness of different communication mediums for delivering sensitive news.

Understand the significance of offering apologies and explanations in business communications.

Learn to view challenges as opportunities for organizational improvement.

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Definitions:

Substantive Unconscionability

Unconscionability that derives from contract terms that are so one-sided, unjust, or overly harsh that the contract should not be enforced.

Unconscionable

Describes terms or agreements that are so unfair to one party that no reasonable or informed person would agree to them.

Life Insurance

A contract between an insurer and a policyholder that pays a designated beneficiary a sum of money upon the death of the insured person.

Necessary

Something essential or required in a particular situation, often used to describe conditions or actions needed to achieve a specific result.