A Collection Agency Is Prohibited From

question 15

Multiple Choice

A collection agency is prohibited from:

• A) calling the debtor in the middle of the night.
• B) calling the debtor from 5-6 p.m. when he is likely to be eating dinner.
• C) threatening to sue if it actually intends to do so.
• D) contacting third persons to find out the whereabouts of a debtor.

Understand various types of performance assessment errors and their impacts on employee evaluations.

Recognize characteristics and effects of employee engagement in organizational settings.

Identify negative work behaviors and their implications on the workplace environment.

Understand the principles and applications of 360-degree feedback in improving organizational performance.

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Definitions:

Sequential

Describes processes, events, or things that follow one after the other in a specific order or sequence.

Credible Threats

Declarations or signals that a party intends to inflict harm or loss on another in the event of non-compliance, which are believable and likely to be carried out.

Nash Equilibrium

A concept in game theory where no player can benefit by changing their strategy while the other players keep theirs unchanged.

Repeated Games

A scenario in game theory where the same game (with the same strategy set) is played by players multiple times.