Phil Is New at JPS Corp

question 98

Multiple Choice

Phil is new at JPS Corp., but after a week he already knows that the founder of the corporation started the business in his garage with only $4,000 and one client. This information was most likely transmitted to Phil by way of ________.

• A) stories
• B) material symbols
• C) rituals
• D) language
• E) corporate chants

---

Definitions:

Dishonor

The refusal or inability to pay a financial obligation when it comes due.

Secondarily Liable

Refers to a party who is indirectly responsible for fulfilling a debt or obligation if the primary party fails to do so.

Secondary Signature Liability

The legal responsibility of a party who signs a document on behalf of another party, potentially being held liable under certain conditions.

Warranty Liability

An obligation that arises from a warranty, where the issuer must repair or replace defective products or parts according to the terms of the warranty.