The Failure to Uphold High Ethical Business Standards by a Few

question 161

True/False

The failure to uphold high ethical business standards by a few companies can negatively impact the entire U.S.business community.
The textbook provided the example of the failure of mortgage brokers to perform due diligence on their customers.In their quest to capture a large home buying market,they failed to check the credit worthiness of their customers.As interest rates on adjustable rate mortgages increased,some homeowners were unable to pay their mortgages.The ripple effect of these failures led to job loss,which sent many homes into foreclosure.

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Definitions:

Routing

The travel pattern used in working a sales territory.

Travel Pattern

The habitual movement or route taken by an individual or group, often analyzed for planning effective sales and marketing strategies.

Routing Reports

are documents or systems that track and manage the journey of tasks, products, or information through a prescribed sequence of actions or stages.

Key Accounts

Accounts the loss of which would greatly affect sales and profits.