The Process of Building and Maintaining Relationships with People Whose

question 74

Multiple Choice

The process of building and maintaining relationships with people whose interests are similar or whose relationship could bring advantages to the firm is called ________.

• A) linking
• B) socializing
• C) networking
• D) associating
• E) connecting

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Definitions:

Adverse Selection

A situation in which sellers have information that buyers do not have, or vice versa, affecting the quality of goods or services offered.

Probationary Period

A trial period at the beginning of employment during which an employer can evaluate an employee’s performance and fit with the company.

ISO 9000

A set of international standards for quality management and quality assurance designed to help companies ensure they meet customer and other stakeholder needs.

Adverse Selection

A situation where asymmetric information leads one party in a transaction to select undesirable risks without the other party's knowledge.