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Mary received an unsolicited selection of CDs in the mail with a letter informing her that she was now a member of the CD of the Month Club. It also said that if she didn't want these CDs, she could simply send them back. Otherwise, she would be billed $10 for each CD at the end of the month. She simply put them away, and did not respond. They continued to send her more CDs each month until she had received 100 of them over a period of 10 months. The club then sent her a letter demanding payment or they would take legal action. Explain her legal obligation in these circumstances.
CEO
Stands for Chief Executive Officer, the highest-ranking executive in a company, responsible for making major corporate decisions, managing overall operations, and acting as the primary point of communication between the corporate operations and the board of directors.
CFO
Stands for Chief Financial Officer, a senior executive responsible for managing the financial actions of a company including financial planning, risk management, and financial reporting.
Financial Records
Documents that track the financial activities, transactions, and health of a business or individual.
Clan Control
A management strategy that relies on shared values, beliefs, and traditions to influence employee behavior, rather than formal rules and procedures.
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