DIFFICULT ROUND - QUIZBOWL

1. It is a tie or bond recognized by law by virtue of which one is bound in favor of another to render something - and these may consist in giving a thing, doing a certain act, or not doing a certain act.

2. What is the term used in business that refers to the long-range welfare of the company and its relationships to the society within which it operates?

3. ___________ is the proper allocation and efficient use of available scarce resources for the maximum satisfaction of human wants.

4. It is the exchange of information, ideas, and messages within and outside an organization to achieve its goals and objectives.

5. It is a systematic process of identifying, assessing, and controlling potential risks or uncertainties that could negatively impact an organization's objectives.