Which of the Following Companies Would Risk the Revocation of Its

question 10

Multiple Choice

Which of the following companies would risk the revocation of its operating licence for harassing, threatening, and exerting undue pressure on a defaulting borrower?

• A) banking institution
• B) collection agency
• C) credit bureau
• D) credit card company

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Definitions:

Procedures

Precisely describe actions that are to be taken in specific situations. They define the recommended sequence of events needed to accomplish a task or a set of tasks.

Rules

Prescribed guidelines or instructions that govern actions or behavior within a specific context, often established to maintain order, safety, or fairness.

Long-range Planning

The process of setting long-term goals and determining the strategies to achieve them, typically looking several years into the future.

Top-level Managers

Executives who are responsible for overseeing the entire organization and establishing its overall goals and strategies.