👉 Deferment in the context of business ethics refers to a situation where an individual or organization delays making a decision, often due to unforeseen circumstances. It is characterized by a lack of urgency and haste, which can lead to negative consequences if not addressed properly. The term "deferment" was first introduced in the 19th century when it was used to describe a situation where a person or company delayed fulfilling their contractual obligations or commitments. This concept has since evolved into a broader ethical framework
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What is the definition of Deferments? 🙋
👉 In the context of human relations, a "deferment" is an action or behavior that delays one's responsibilities or obligations. It can refer to a person who is not ready or willing to fulfill their commitments or duties. In legal terms, it refers to an act of non-compliance with court orders or other legal requirements. For example: - A client might refuse to pay for services because they are delayed in receiving payment. - An employee might be late for work due to illness and is not
