All Companies Have a Responsibility to ____ So They Can

question 7

Multiple Choice

All companies have a responsibility to ____ so they can provide a return on investment to their owners and investors, create jobs for the community, and contribute goods and services to the economy.

• A) offer the lowest price
• B) be profitable
• C) obey their customers
• D) provide the largest selection possible
• E) pay employees more than minimum wage

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Definitions:

Rescission

The process of unwinding a transaction, returning all parties to their pre-contractual state.

Fraud

The intentional deception or misrepresentation made by a person or entity to gain an unfair advantage or harm another party.

Misrepresentation

The act of giving false or misleading information about a material fact, which can lead another person to act to their detriment or alter their position.

Scienter

Knowledge of wrongdoing or fraudulent intent in legal contexts, essential for establishing liability in some cases.