The Four Actions Framework Includes All of the Following Actions

question 1

Multiple Choice

The four actions framework includes all of the following actions except ________.

• A) reduce
• B) eliminate
• C) raise
• D) reject

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Definitions:

Repaid

The process of repaying funds that were once loaned by a creditor.

Borrowed

The act of receiving funds from another party with the promise to return the principal amount along with interest or other charges.

Payment

The act of transferring money or goods in exchange for a product or service, or to fulfill a legal obligation.

Bank

A financial institution licensed to receive deposits and make loans.