The Processes by Which Decisions Are Evaluated and Made on the Basis

question 70

Multiple Choice

The processes by which decisions are evaluated and made on the basis of right and wrong in a company refers to its

• A) distribution channel.
• B) ethical climate.
• C) legal responsibility.
• D) organizational dynamics.
• E) corporate code.

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Definitions:

Repossess

The act of taking back ownership of property, typically when a buyer fails to make the required payments.

Repossessing

The act of taking back possession of property, often because of failure to comply with a contract, such as defaulting on payments.

Guarantee

A formal assurance or promise, often by a manufacturer or seller, that certain conditions will be fulfilled, such as the quality or durability of a product.

Indemnity

A financial compensation mechanism for loss or damage, or provision for protection against potential financial liability.