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Oxana [17]
3 years ago
12

You recently were hired as a front line debt collection agent for a debt collection service in Michigan. Your boss assigns you t

o a fairly new client. That client shares with you several items: account ledgers showing overdue balances, checks that "bounced" or were returned for insufficient funds, and a list of dates of purchases. Most of the purchases were made more than 6 years ago. Michigan has a six year statute of limitations for the collection of debt, meaning that after six years, one cannot successfully bring a lawsuit to recover old debt. You talk to your boss who instructs you to go ahead and contact the debtors with the standard letter that offers to settle the outstanding debt for 75% of the amount owed. The letter also indicated that failure to either accept the settlement offer within 20 days, or pay off the full amount after day 20 but before day 45, would result in the filing of a lawsuit to collect the debt. As a new collection agent, you know that the Fair Debt Collection Practices Act governs behavior in the industry. Explain why this requested behavior may violate the act.
Business
1 answer:
Softa [21]3 years ago
5 0

Answer:

need

Explanation:

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Identify the function in the organisation you have chosen​
mina [271]

Answer:

Determination of activities,

Grouping of activities,

Allotment of duties to specified persons,

Delegation of authority,

Defining relationships, and.

The co-ordination of various activities.

8 0
2 years ago
A company headquartered in the United States has operations in 27 countries. The company purchased a subsidiary to expand operat
Gala2k [10]

Answer: An internal audit is being performed.

Explanation:

Internal Audit is a department or entity that provides structures, corporate organizations, and procedures for persons inside an organization with unbiased, objective assessments.

According to the Chartered Institute of Internal Auditors, the role of internal audit is to provide objective assurance that an organization's risk management, governance and internal control processes are operating effectively.

7 0
3 years ago
When potential real GDP is equal to​ 70, this economy is in recession . The amount of the shortfall in planned aggregate expendi
leonid [27]

Answer: Option (D) is correct.

Explanation:

If the potential GDP is 70 and economy is in recession. Potential GDP is the GDP of an economy which can be achieved with the best utilization of economy's resources.

The amount of the shortfall in planned aggregate expenditure is equal to the vertical distance between the 45 degree line and the AE = Y, at a level of potential real GDP.

This is also shown by an arrow in the diagram.

4 0
3 years ago
Which theory suggests that workers with more education earn higher wages because the extra schooling has given them additional s
san4es73 [151]

Answer:

The human capital theory

Explanation

The human capital theory explores the relationship between investment in human capital and earnings.

Investment in human capital can take the form of education or training.

The theory suggest that those that invest in human capital earn higher income

The human capital theory also explores pattern of earnings. The theory suggests that the earnings of young people would be low as they would forgo earnings to invest in human capital . Earnings would increase as one gets older because old people invest less in education and training

7 0
3 years ago
Which bond portfolio where all investment is made up front would be most negatively affected by a sharp rise in interest rates?
N76 [4]

Option C. barbell

By definition, money market products are liquid. Each buyer knows that they will be paid when they mature in the near future, so they are easily traded at a discount that matches the market rate.

When interest rates rise, bond prices fall (and vice versa), and long-term bonds are the most sensitive to changes in interest rates. This is because longer-term bonds have longer durations than shorter-term bonds that are nearing maturity with fewer coupon payments.

Special considerations. Series I bonds are considered low risk as they are backed by the full trust and credit of the U.S. government and do not depreciate in redemption value. However, that security comes with a low yield comparable to high-yield savings accounts and certificates of deposit (CDs).

Learn more about portfolio at

brainly.com/question/24811520

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6 0
2 years ago
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