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Urban Legends
The concept of "urban legends" (a story that appears mysteriously and spreads spontaneously in various forms and is usually false posted on the Internet) and Internet scams are a real problem for some businesses. Gerber Baby Foods was flooded with 1 million letters and 80,000 phone calls from parents responding to an e-mail about a phony class-action lawsuit. Another urban legend about Costa Rican flesh-eating bacteria that affected banana shipments cost that industry more than $30 million. Procter & Gamble had to deal with claims that its Febreeze product contained Agent Orange, a dangerous chemical. Many companies choose to ignore these myths created by angry customers or rabble-rousers, but experts believe this is the worst possible action to take. Companies should instead do everything possible to reassure its customers.
-Refer to Urban Legends. Email users who received the email about P&G's Febreeze would have used_____ to understand the message.
Note Receivable
A written promise for the payment of a specified amount of money, with interest, by a set date or on demand to the holder of the note.
Interest
The charge for borrowing money, calculated as a percentage of the amount borrowed, or the return earned on invested funds.
Notes Receivable
Financial assets representing rights to receive payments of principal and interest from debtors under terms specified in promissory notes.
Interest
The cost of borrowing money or the return on investment for savings and investments, often expressed as a percentage.
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