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What Is the Difference Between a Demotion and a Promotion

question 84

Essay

What is the difference between a demotion and a promotion? What factors should managers consider when demoting and promoting employees?


Definitions:

Credit-Related Information

Information pertaining to an individual's or entity's credit history, including credit scores, payment history, and other data used to assess creditworthiness.

Equal Credit Opportunity Act

A U.S. law that prohibits discrimination in credit transactions based on race, color, religion, national origin, sex, marital status, age, or because a person receives public assistance.

Consumer Credit

A type of personal loan or credit extended to consumers for the purchase of goods and services, repayable in installments or at a later date.

Business Loans

Financial products offered by banks and financial institutions to companies for the purpose of funding operations, expansions, or investments.

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