Following Up on Bad News in Writing Is Important to _________

question 36

Multiple Choice

Following up on bad news in writing is important to _________.

• A)promote good relations
• B)formally confirm follow-up procedures
• C)establish a record of the incident
• D)achieve all of these purposes

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Definitions:

Contract Rate

The agreed-upon price or rate specified in a contract for services or goods, often locked in for the duration of the agreement.

Issue Price

The price at which securities, such as bonds or shares, are originally sold to the public or investors by the issuing entity.

Installment Note Payable

A debt instrument that requires a series of periodic payments to the lender over a specified period of time.

Interest Expense

The expenditure an entity incurs from borrowing funds during a certain period.