What are the obligations involved in providing credit information?


Replies to requests for credit information are usually simple-just fill in the blanks and return the document. If the request does not include a form, follow a deductive plan in writing the reply: the major idea first, followed by supporting details.
When providing credit information, you have an ethical and legal obligation to yourself, the credit applicant, and the business from which credit is requested. You must be able to document any statement you make to defend yourself against a defamation charge. Thus, good advice is to stick with facts; omit any opinions. "I am sure he will pay promptly" is an opinion that should be omitted, but include the documentable fact that "His payments are always prompt."

Business

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McDonald's restaurants inside Wal-Marts and Starbucks inside Super Targets are examples of ________, whose main advantages are that the products can or may be convincingly positioned by virtue of the associated brands

A) cooperative marketing B) cross-promotion C) retail co-branding D) ingredient branding E) feature promotion

Business

Under Armour's recent expansion into the digital personal health and fitness tracking market through acquisitions of three fitness app companies is a ________ strategy

A) market penetration B) market development C) downsizing D) diversification E) product development

Business

The grapevine in an organization

a. is typically no more or less accurate than other channels. b. serves no necessary purpose; thus, managers should work to eliminate it. c. passes a message in single file from person to person until it finally reaches the end of the line. d. has a single, consistent source.

Business

Justin Thyme used to run one batch each of 500 As, 300 Bs and 100 Cs every month but now he runs a batch of 5 As, 3 Bs, and 1 C every half day with the use of:

A) single-digit setups. B) andon lights. C) mixed-model assembly. D) push method.

Business