When a Business Professional Has to Send a Message to Answer

question 52

Multiple Choice

When a business professional has to send a message to answer another person's questions,the professional is

• A) making announcements.
• B) making claims.
• C) responding to inquiries.
• D) providing directions.
• E) setting expectations.

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Definitions:

Voluntarism

Voluntarism is the principle that emphasizes the importance of individual will or voluntary actions in the determination of social or political outcomes.

Free Rider Problem

A situation in which some individuals benefit from resources or services without paying their fair share of the costs, leading to undersupply or overuse.

Insurance Scheme

A system or plan that provides financial protection against certain risks, such as illnesses or accidents, typically through the collection of premiums.

Adverse Selection

A situation in which one party in a transaction has more or better information than the other, often leading to imbalances and inefficiencies in markets, especially insurance.