Ethical Question: Should an Organization Tell Its Customers or Clients

question 132

True/False

Ethical question: Should an organization tell its customers or clients about product safety, service errors, and testing program results?

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Definitions:

Construction Loan

A short-term loan used to finance the building of a home or another real estate project, with the property under construction serving as collateral.

Capitalization Of Interest

The process of adding accumulated interest to the principal balance of a loan, increasing the total amount owed.

Avoidable Interest

Interest cost on funds expended on a qualifying asset that could be avoided if the expenditure had not been made.

Economic Benefit

The gain received from a product or service, often measured in terms of increased utility or revenue, minus associated costs.