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A company executive has the task of downsizing the company to prevent bankruptcy and has to make decisions about company actions and messages related to this reduction in the number of employees.Describe at least three ethical considerations.
Limitation Clause
A provision in a contract that limits the amount of time within which a party can sue for breaches of the contract’s terms.
Insurance Contract
A legally binding agreement between an insurer and the insured, outlining coverage terms, conditions, and premiums.
Insurable Interest
The requirement that a policyholder must stand to lose financially if the insured event occurs, establishing a legal right to insure the item or life.
Insurance Company
A business entity that provides financial protection and compensation for losses in exchange for payment of premiums.
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