Which of the Following Systems and Functions Absolutely Must Be

question 54

Multiple Choice

Which of the following systems and functions absolutely must be in place for any business process to continue at all?

• A)Desirable
• B)Necessary
• C)Critical
• D)Essential

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Definitions:

Rescission

Rescission is the act of invalidating a contract, returning the parties involved to their positions prior to the agreement, under circumstances such as misrepresentation or fraud.

Fraudulent Misrepresentation

A false statement made knowingly or recklessly with the intent to deceive, leading another to enter into a contract.

Void Ab Initio

A term meaning "void from the beginning," indicating that a contract or agreement was invalid from the start.

Straight Commission

A compensation model in sales where an employee's income is derived entirely from the commissions made on the sales they secure.